Brief: Maha Energy Updates On New License In Venezuela

Keo Capital AB

19/04/2024 08:50

April 19 (Reuters) - Maha Energy AB  MAHAa.ST :
    * SAID ON THURSDAY THAT ON APRIL 17, 2024, THE DEPARTMENT OF
THE
TREASURY'S OFFICE OF FOREIGN ASSETS CONTROL ISSUED THE
VENEZUELA-RELATED GENERAL LICENSE 44A 
    * LICENSE 44A REPLACES AND SUPERSEDES GENERAL LICENSE 44,
CALLING
FOR A WIND DOWN FOR ANY TRANSACTIONS THAT WERE PREVIOUSLY
AUTHORIZED AND SUPPORTED BY GL 44 WITHIN 45 DAYS
    * OFAC WILL CONSIDER SPECIFIC LICENSE REQUESTS, ON A
CASE-BY-CASE
BASIS, FOR ANY PARTY SEEKING TO ENGAGE IN TRANSACTIONS AND
ACTIVITIES PREVIOUSLY AUTHORIZED BY GL 44
    * MAHA HAS ALREADY APPLIED FOR A SPECIFIC LICENSE COVERING
ITS
PROJECTS FOR THE VENEZUELAN OIL COMPANY PETROURDANETA
    * THE APPLICATION WAS FILED WITH US AUTHORITIES DURING THE
FIRST
QUARTER OF 2024


        
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 Further company coverage:  MAHAa.ST  

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