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
- Who Will Be Able To Create New Regions In Kazakhstan? Parliament Defines Powers
- Nazarbayev’s Grandson, Freedom Founder And Ordabasy’s Future Owner Among Kazakhstan’s Youngest Richest Businessmen
- Deputy Says Salary Is Not Enough, Asked His Wife To Work
- Kazakhstan Is Buying Fewer Drones, But Paying More For Them
- Kazakhstan And Turkey To Create UAV Production Enterprise — What Else The Presidents Agreed On
- KTZ Top Management Pay Tops One Billion Tenge
- “We Are Being Asked to Approve an Illegal Project”: Environmentalists Demand Halt to Almaty Mountain Development
- Pentagon May Add $400 Million to Kazakh Tungsten Project Linked to Trump’s Sons
- Kazakhstan To Tighten Biometric Authentication Rules
- Kazakhstan To Recruit Public Assistants To Help Prevent Financial Crimes
- AI Could Replace Up To 400,000 Jobs In Kazakhstan, Labor Ministry Says
- Almaty Police Put More Than 3,000 Domestic Violence Offenders On Preventive Register
- Kazakhstan To Introduce Workplace Harassment Liability
- 10 Suspected Of Serious Crimes, Extortion, And Armed Hooliganism Detained In Almaty
- Kazakh Employers To Give Written Notice Of Changes To Working Conditions
- Kazakh Businesses Overpay Nearly 500 Billion Tenge For Employee Insurance, MP Says
- Kazakhstan Does Not Face Road Bitumen Shortage, Energy Ministry Says
- Kazakhstan To Introduce New State Orders And Awards
- How Much Water Will Kazakhstan’s First Nuclear Power Plant Need For Cooling?
- 149th Place And Five Detained Journalists: What Is Happening To Press Freedom In Kazakhstan
