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  • 11 Feb 2019Turkey

    The Decree on the Transportation of Crude Oil and Jet Fuel by Road and Rail (the Transportation Decree) was amended by way of Presidential Decree numbered 715, effective as from its publication in the Official Gazette on 7 February 2019.

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  • 08 Jan 2019Oman

    Oman’s Sultan has issued four Sultani Decrees including a Decree assigning the Oil and Gas Ministry with responsibility for implementing the state’s general energy sector policy.

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  • 07 Nov 2018Iran

    Following President Trump’s decision on May 8, 2018 to withdraw the United States from the Joint Comprehensive Plan of Action (JCPOA), the US government announced that it would re-impose pre-JCPOA nuclear-related Iran sanctions (both primary and secondary) that were lifted under the JCPOA. As we reported previously, two wind-down periods—of 90 and 180 days respectively—commenced from the day of the announcement, during which non-US, non-Iranian companies were encouraged by the US government to withdraw from operations in Iran that would be affected by re-imposed sanctions. OFAC’s guidance discouraged non-US persons from engaging in new activity during the wind down periods, and stated that any such new activity may be a factor in connection with future enforcement action for actions taken after the wind-down period.

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  • 24 Oct 2018Iran

    On 11 October 2018, the Financial Crimes Enforcement Network (FinCEN) issued official guidance entitled "Advisory on the Iranian Regime's Illicit and Malign Activities and Attempts to Exploit the Financial System" (the Advisory). The Advisory intends to help US financial institutions to better detect potentially illicit transactions related to the Islamic Republic of Iran. The Advisory also aims to help foreign financial institutions understand the obligations of their US affiliates and avoid the breach of US sanctions laws.

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