OFAC Issues General Licenses to Allow Certain Petroleum-Related Activities in South Sudan

On December 8, 2011, Office of Foreign Assets Control (OFAC) posted a final rule in the Federal Register amending the Sudanese Sanctions Regulations (SSR) by issuing two general licenses that authorize, to the extent otherwise prohibited by the SSR, (1) all activities involving the petroleum and petrochemical industries in the Republic of South Sudan and related financial transactions, and (2) the transshipment of goods, technology, and services through Sudan to or from the Republic of South Sudan and related financial transactions. 

OFAC is also amending an existing general license to broaden its authorization with respect to the importation of certain Sudanese-origin services and to add an authorization for activities related to Sudanese persons' travel to the United States. 

Finally, OFAC is making certain technical changes to the SSR, including changes to reflect the establishment of the independent state of the Republic of South Sudan and the separation of the Government of the Republic of South Sudan from the Government of Sudan.