JUTAL OIL SER: Penglai JUTAL applies for removal from the SDN list

Zhitong
2025.10.14 08:42
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JUTAL OIL SER announced that its wholly-owned subsidiary, Penglai JUTAL Offshore Engineering Heavy Industry Co., Ltd., has been placed on the U.S. Department of the Treasury's Specially Designated Nationals (SDN) list. The company has hired a law firm and submitted a removal application to OFAC on October 14, 2025. Currently, Penglai JUTAL has ceased construction activities related to the SDN list

According to the Zhitong Finance APP, JUTAL OIL SER (03303) announced that the U.S. Department of the Treasury's Office of Foreign Assets Control has placed its wholly-owned subsidiary, Penglai Jutal Offshore Engineering Heavy Industry Co., Ltd., on the Specially Designated Nationals List. The company now releases the latest progress: Penglai Jutal has hired a professional law firm and formally submitted a written application to OFAC for removal from the SDN list on October 14, 2025. Currently, Penglai Jutal has ceased construction activities related to projects on the SDN list

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