US Treasury Confirms CPC and Tengizchevroil Exempt from Russia-Related Sanctions
Photo: Kandinsky AI generated, ill. purposes
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has officially excluded the Caspian Pipeline Consortium (CPC) and Tengizchevroil (TCO) from restrictions under US sanctions targeting Russia, Orda.kz reports.
The exemption is outlined in General License No. 124, issued on May 15. Under this license, CPC and TCO facilities are no longer subject to the sanctions imposed in January on oil and gas projects.
Operations involving the export of Kazakh oil via the CPC pipeline remain lawful under US regulations.
This move comes amid US President Donald Trump's statements regarding additional sanctions targeting Russia’s oil sector.
Still, Washington has maintained a distinction between Russian and Kazakh energy exports. Notably, sanctions on tankers transporting Russian oil have not extended to Kazakhstan’s KEBCO crude.
Origianl Author: Nikita Drobny
Latest news
- Minister Denies Kanye West Concert Setup Caused Almaty Blackout
- Camera Trap Captures Wolf Among Kulans in Kazakhstan
- State-Owned Power Plant Borrows to Repay Debt After Paying Executives 350 Million Tenge
- World’s Highest Skating Rink Cuts Parking Fees
- Kazakhstan to Use AI to Predict When Roads Need Repairs
- Kazakhstan Reappoints Heads of National Bank, KNB and Key Legal Institutions
- Kazakhstan’s Cashless Payments Top 500 Billion Tenge a Day
- Tourists Face Penalty for Painting Rock Near Lake Shalkar
- Pavlodar Refinery Delays Maintenance to Avoid Fuel Shortages
- Kazakhstan’s First Kurultai Election: What the Turnout and Exit Polls Show
- “Ask Me Next Year”: Tokayev Declines to Reveal Reelection Plans
- Tokayev Says Kazakhstan’s Vice President Will Be Named Within 10 Days
- Kazakh Uranium Giant Plans Major Sales to China and Russia
- Atyrau Oil Company Fined Nearly 1.5 Billion Tenge for Environmental Violations
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
