OFAC renews Nynas General Licence until 14 May 2020

OFAC has issued General Licence 13E, which authorises certain activities and transactions with Nynas AB, the Swedish oil refinery jointly owned by Neste Oil (Finland) and Venezuela’s PdVSA, and any of its subsidiaries, which would normally be prohibited by E.O. 13850 (Venezuela-related sanctions). The OFAC Notice says that Nynas is engaged in a proposed corporate restructuring, which may result in …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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