OFAC Issues Four Russia-Related Licenses for Energy Transactions

The Office of Foreign Assets Control issued four new or amended Russia-related general licenses Nov. 14. General License 124B, which replaces 124A, authorizes petroleum services and other transactions related to the Caspian Pipeline Consortium, Tengizchevroil and Karachaganak projects. General License 128A, which replaces 128, authorizes certain transactions involving Lukoil retail service stations located outside Russia. General License 130 authorizes transactions involving certain Lukoil entities in Bulgaria, and General License 131 authorizes certain transactions for the negotiation of and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities.