SINOPEC KANTONS: Rizhao Shihua has been listed on the SDN list by OFAC
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SINOPEC KANTONS announced that the U.S. Department of the Treasury's OFAC has placed its 50% stake in Rizhao Shihua on the SDN list. Rizhao Shihua primarily operates an oil terminal and is expected to contribute approximately 12% of the company's investment income for the fiscal year 2024. The company’s preliminary assessment indicates that Rizhao Shihua's inclusion on the SDN list may restrict its business, thereby affecting overall performance, but other business operations are normal
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