China National Offshore Oil Corporation added to U.S. Entity List
By EsqSocial Corporation 15/01/21
Today, the Bureau of Industry & Security (BIS) added China National Offshore Oil Corporation Ltd. (CNOOC) to the U.S. Entity List. Under the new rule, U.S. and non-U.S. exporters are generally prohibited from transferring items subject to the U.S. Export Administration Regulations (EAR) to CNOOC without first obtaining a U.S. export license. As noted in the rule, license applications will face a presumption of denial....
By: Kelley Drye & Warren LLP