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OFAC Removes 42 Cos from SDN List due to Libya GLs 7A, 8A, Issues GL 9

November 21, 2011 by Marie Rapport|Exports, OFAC and DoD

On November 18, 2011, the Office of Foreign Assets Control removed 41 companies from its "Specially Designated Nationals" List pursuant to Libya General Licenses 7A and 8A. OFAC also issued General License No. 9 in order to remove the General National Maritime Transport Company. SDNs are (i) individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries or (ii) individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of listed SDNs are blocked and U.S. persons are generally prohibited from dealing with them.

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General License 7A. The following names have been removed from the SDN list and are authorized under Libya General License No. 7A:

(General License No. 7A authorizes all transactions involving the Libyan National Oil Corporation (NOC) or entities owned or controlled by the NOC. Subject to a requirement to report to OFAC on the release of any blocked funds, including cash and securities, General License No. 7A also unblocks all property and interests in property of the NOC and entities owned or controlled by the NOC.)

  • ARABIAN GULF OIL COMPANY (a.k.a. AGOCO), Libya [LIBYA2]
  • AZZAWIYA OIL REFINING COMPANY (a.k.a. AZAWIYA OIL; a.k.a. AZZAWIYA OIL REFINING COMPANY INC; a.k.a. ZAWIA OIL REFINING COMPANY; a.k.a. "ARC"), Libya [LIBYA2]
  • BREGA PETROLEUM MARKETING COMPANY (a.k.a. BPMC; a.k.a. BREGA MARKETING COMPANY), Libya [LIBYA2]
  • HAROUGE OIL OPERATIONS (a.k.a. HAROUGE; f.k.a. VEBA OIL LIBYA GMBH), Libya [LIBYA2]
  • JAMAHIRIYA OIL WELL FLUIDS AND EQUIPMENT (a.k.a. JOWEF OIL TECHNOLOGY; a.k.a. JOWFE; a.k.a. JOWFE CO. FOR OIL TECHNOLOGY; a.k.a. JOWFE OIL TECHNOLOGY COMPANY), Libya [LIBYA2]
  • MEDITERRANEAN OIL SERVICES COMPANY (a.k.a. MEDITERRANEAN SEA OIL SERVICES COMPANY), Libya [LIBYA2]
  • MEDITERRANEAN OIL SERVICES GMBH (a.k.a. MED OIL OFFICE DUSSELDORF; a.k.a. MEDOIL), Germany [LIBYA2]
  • NATIONAL OIL CORPORATION (a.k.a. LIBYA NATIONAL OIL CORPORATION; a.k.a. LNOC; a.k.a. NATIONAL OIL CORPORATION - LIBYA; a.k.a. NOC), Libya [LIBYA2]
  • NATIONAL OIL FIELDS AND TERMINALS CATERING COMPANY, Libya [LIBYA2]
  • NATIONAL OIL WELLS DRILLING AND WORKOVER COMPANY (a.k.a. NATIONAL OIL WELLS CHEMICAL AND DRILLING AND WORKOVER EQUIPMENT CO.; a.k.a. NATIONAL OIL WELLS DRILLING AND WORKOVER EQUIPMENT CO.), Libya [LIBYA2]
  • NORTH AFRICAN GEOPHYSICAL EXPLORATION COMPANY (a.k.a. NAGECO; a.k.a. NORTH AFRICAN GEOPHYSICAL EXPLORATION), Libya [LIBYA2]
  • RAS LANUF OIL AND GAS PROCESSING COMPANY (a.k.a. RASCO; a.k.a. RASLANUF OIL AND GAS REFINARY OIL COMPANY), Libya [LIBYA2]
  • SIRTE OIL COMPANY FOR PRODUCTION MANUFACTURING OF OIL AND GAS (a.k.a. SIRTE OIL COMPANY; a.k.a. SIRTE OIL COMPANY (SOC) FOR PRODUCTION MANUFACTURING OF SIRTE OIL COMPANY; a.k.a. SIRTE OIL COMPANY FOR PRODUCTION AND MANUFACTURING OF OIL AND GAS LTD; a.k.a. SOC), Libya [LIBYA2]
  • WAHA OIL COMPANY (a.k.a. OASIS OIL COMPANY; a.k.a. WAHA), Libya [LIBYA2]
  • ZUEITINA OIL COMPANY (a.k.a. ZOC; a.k.a. ZUEITINA), Libya [LIBYA2]

General License 8A. The following names have been removed from the SDN list and are authorized under Libya General License No. 8A:

(General License No. 8A authorizes prospective transactions involving the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya, as of September 19, 2011. Funds, including cash, securities, bank accounts, and investment accounts, and precious metals that were blocked pursuant to E.O. 13566 as of September 19, 2011, continue to remain blocked, except as otherwise authorized by OFAC.)

  • AFRIQIYAH AIRWAYS, Libya [LIBYA2]
  • AGRICULTURAL BANK (a.k.a. AL MASRAF AL ZIRAE; a.k.a. LIBYAN AGRICULTURAL BANK), Libya [LIBYA2]
  • AL WAFA BANK (a.k.a. MASSRAF AL WAFA), Libya [LIBYA2]
  • ARAB TURKISH BANK (a.k.a. A AND T BANK; a.k.a. ARAB-TURKISH BANK; a.k.a. ARAP TURK BANKASI), Turkey [LIBYA2]
  • DALIA ADVISORY LTD., United Kingdom [LIBYA2]
  • FIRST GULF LIBYAN BANK, Libya [LIBYA2]
  • GENERAL COMPANY FOR CHEMICAL INDUSTRIES (a.k.a. ABU KAMMASH; a.k.a. GCCI) Libya [LIBYA2]
  • GHANA LIBYA ARAB HOLDING COMPANY (a.k.a. GHANA LIBYAN ARAB HOLDING COMPANY LIMITED; a.k.a. GLAHCO), Ghana [LIBYA2]
  • GLAHCO HOTELS AND TOURISM DEVELOPMENT COMPANY LIMITED (a.k.a. GOLDEN TULIP HOTEL ACCRA), Ghana [LIBYA2]
  • GUMHOURIA BANK (f.k.a. AL OUMMA BANK; a.k.a. JAMAHIRIYA BANK; f.k.a. MASRAF AL GUMHOURIA; f.k.a. UMMA BANK), Libya [LIBYA2]
  • LAFICO ALGERIA HOLDING (a.k.a. LAFICO ALGERIA), Algeria [LIBYA2]
  • LIBYA AFRICA INVESTMENT PORTFOLIO (a.k.a. LAIP; a.k.a. LAP), Libya [LIBYA2]
  • LIBYAN AFRICAN INVESTMENT COMPANY (a.k.a. LAAICO; a.k.a. LAICO; a.k.a. LIBYAN ARAB AFRICAN INVESTMENT COMPANY; a.k.a. THE LAICO GROUP), Libya [LIBYA2]
  • LIBYAN ARAB FOREIGN BANK LIMITED (a.k.a. LAFB; a.k.a. LIBYAN ARAB FOREIGN BANK; a.k.a. LIBYAN FOREIGN BANK), Libya [LIBYA2]
  • LIBYAN ARAB FOREIGN INVESTMENT COMPANY (a.k.a. LAFICO; a.k.a. LIBYAN FOREIGN INVESTMENT COMPANY), Libya [LIBYA2]
  • LIBYAN INVESTMENT AUTHORITY (a.k.a. LIA; a.k.a. LIBYAN INVESTMENT CORPORATION), Libya [LIBYA2]
  • LIBYAN JAMAHIRIYA BROADCASTING CORPORATION, Libya [LIBYA2]
  • LIBYAN NORWEGIAN FERTILISER COMPANY (a.k.a. LIFECO), Libya [LIBYA2]
  • NATIONAL BANKING CORPORATION, Libya [LIBYA2]
  • NATIONAL COMMERCIAL BANK (a.k.a. BANK WATANI; a.k.a. NATIONAL COMMERCIAL BANK SAL), Libya [LIBYA2]
  • NORTH AFRICA COMMERCIAL BANK S.A.L. (a.k.a. NACB; a.k.a. NORTH AFRICA COMMERCIAL BANK; a.k.a. NORTH AFRICA COMMERCIAL BANK SAL), Lebanon [LIBYA2]
  • NORTH AFRICA INTERNATIONAL BANK (a.k.a. NAIB; a.k.a. NAIB BANK; a.k.a. NORTH AFRICA INTERNATIONAL BANK SA), Tunisia [LIBYA2]
  • PAK-LIBYA HOLDING COMPANY, Pakistan [LIBYA2]
  • SAHARA BANK, Libya [LIBYA2]
  • SAVINGS AND REAL ESTATE INVESTMENT BANK (a.k.a. EDDEKHAR BANK), Libya [LIBYA2]
  • THE ECONOMIC AND SOCIAL DEVELOPMENT FUND COMPANY (a.k.a. ECONOMIC SOCIAL AND DEVELOPMENT FUND; a.k.a. SOCIAL AND ECONOMIC DEVELOPMENT FUND; a.k.a. "ESDF"), Libya [LIBYA2]

General License 9. The following name has been removed from the SDN list and is authorized under Libya General License No. 9:

(On November 18, 2011, OFAC issued General License No. 9 pursuant to the Libyan Sanctions Regulations, 31 CFR Part 570, and Executive Order 13566 of February 25, 2011, "Blocking Property and Prohibiting Certain Transactions Related to Libya." Subject to a requirement to report to OFAC on the release of any blocked funds, General License No. 9 unblocks all funds, including cash, securities, bank accounts, and investment accounts, and precious metals of the General National Maritime Transport Company.)

  • GENERAL NATIONAL MARITIME TRANSPORT COMPANY (a.k.a. GNMTC), Libya [LIBYA2]

(See OFAC notice for the address and phone numbers, etc. for these companies. Subsequent Federal Register notice (11/23/11) on removal of the 42 companies available here.)