OFAC Revokes M&P’s Venezuela License, with a Wind-Down Period Granted until 27 May 2025
Monday, 31 March 2025 () PARIS--(BUSINESS WIRE)--Regulatory News: Établissements Maurel & Prom (“M&P”, the “Group”) (Paris:MAU) announces that it has received a notification from the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) dated 28 March 2025, informing M&P that the specific license granted in May 2024 for its activities in Venezuela has been revoked. In connection with this decision, OFAC has issued a wind-down license authorising M&P to undertake transactions necess
Monday, 31 March 2025 ()
