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August 18, 2011--

New Executive Order on Syria; Syrian Designations

On Thursday, August 18, Treasury announced that President Obama had signed an Executive Order imposing additional sanctions against the Government of Syria, freezing any assets of the Government of Syria in the United States and banning the importation into the United States of petroleum or petroleum products of Syrian origin. OFAC also announced that it had issued six general licenses related to Syria. BOL’s OFAC Sanctions Matrix has been updated to reflect the addition of the new Order and licenses. In addition, Treasury's Office of Foreign Assets Control designated five petroleum industry-related entities as Government of Syria entities, adding them to the SDN list.

The following entities have been added to OFAC's SDN list:

GENERAL PETROLEUM CORPORATION (a.k.a. "GPC"), New Sham- Building of Syrian Oil Company, PO Box 60694, Damascus, Syria [SYRIA]

SYRIAN COMPANY FOR OIL TRANSPORT (a.k.a. SYRIAN CRUDE OIL TRANSPORTATION COMPANY; a.k.a. "SCOT"; a.k.a. "SCOTRACO"), Banias Industrial Area, Latakia Entrance Way, P.O. Box 13, Banias, Syria; Website www.scot-syria.com; Email scot50@scn-net.org [SYRIA]

SYRIAN GAS COMPANY, P.O. Box 4499, Homs, Syria; Agricultural Engineering Syndicate Building, Baab Hood Area, Al Arbeen District, Homs, Syria; Website www.sgc.gov.sy; Email sgcpdit@mail.sy; Email info@sgc.gov.sy [SYRIA]

SYRIAN PETROLEUM COMPANY (a.k.a. "SPC"), Dummar Province Expansion Square, Island 19, Building 32, PO Box 3378, Damascus, Syria; Dummar Province Expansion Square, Island 19, Building 32, PO Box 2849, Damascus, Syria; Todmar Project, Damascus, Syria [SYRIA]

SYTROL, Prime Minister Building, 17 Street Nissan, Damascus, Syria [SYRIA]








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