Syria

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US issues notice for petroleum shipments to Syria

The Office of Foreign Assets Control (OFAC) has issued an advisory notice concerning the risks of transporting petroleum shipments to Syria. OFAC warns that such actions could breach U.S. sanctions.

How Syria sanctions affect the petroleum trade

The London P&I Club reminded operators that both the European Union and US are applying trade sanctions against Syria. These include prohibitions on the transport of crude oil and petroleum products from Syria, as well as restrictions on Syria’s oil and gas and electricity generating industries amongst a number of other measures.

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