[Federal Register Volume 77, Number 18 (Friday, January 27, 2012)]
[Notices]
[Pages 4389-4390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-1840]


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DEPARTMENT OF STATE

[Public Notice 7776]


Persons on Whom Sanctions Have Been Imposed Under the Iran 
Sanctions Act of 1996

AGENCY: Department of State.

ACTION: Notice.

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SUMMARY: The Secretary of State has determined that the following 
persons have engaged in sanctionable activity described in section 5(a) 
of the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701 
note) (``ISA''), as amended by the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (Pub. L. 111-195) (22 U.S.C. 
8501-51) (``CISADA''), and that certain sanctions should be imposed as 
a result: FAL Oil Company Limited; Kuo Oil (S) Pte. Ltd.; and Zhuhai 
Zhenrong Company.

DATES: Effective Date: The sanctions on FAL Oil Company Limited; Kuo 
Oil (S) Pte. Ltd.; and Zhuhai Zhenrong Company are effective January 
12, 2012.

FOR FURTHER INFORMATION CONTACT: On general issues: Norman Galimba, 
Office of Terrorism Finance and Economic Sanctions Policy, Department 
of State, Telephone: (202) 647-9183. For U.S. Government procurement 
ban issues: Daniel Walt, Office of the Procurement Executive, 
Department of State, Telephone: (703) 516-1696.

SUPPLEMENTARY INFORMATION: Pursuant to the authority delegated to the 
Secretary of State in the Presidential Memorandum of September 23, 
2010, 75 FR 67025 (the ``Delegation Memorandum''), the Secretary has 
determined that the following persons have engaged in sanctionable 
activity described in section 5(a) of the ISA, as amended by the 
CISADA: FAL Oil Company Limited; Kuo Oil (S) Pte. Ltd.; and Zhuhai 
Zhenrong Company.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on FAL Oil Company Limited the 
following sanctions described in section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to FAL Oil Company Limited.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to FAL Oil Company 
Limited under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 
Sec. Sec.  2401 et seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or re-export 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to FAL Oil Company Limited totaling more than 
$10,000,000 in any 12-month period unless FAL Oil Company Limited is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to FAL Oil Company Limited and 
not to any subsidiary, affiliate, or shareholder thereof unless 
separately identified.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Kuo Oil (S) Pte. Ltd. the 
following sanctions described in section 6 of the ISA:

[[Page 4390]]

    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Kuo Oil (S) Pte. Ltd.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Kuo Oil (S) Pte. Ltd. 
under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 
Sec. Sec.  2401 et seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or re-export 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to Kuo Oil (S) Pte. Ltd. totaling more than 
$10,000,000 in any 12-month period unless Kuo Oil (S) Pte. Ltd. is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to Kuo Oil (S) Pte. Ltd. and not 
to any subsidiary, affiliate, or shareholder thereof unless separately 
identified.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Zhuhai Zhenrong Company the 
following sanctions described in section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Zhuhai Zhenrong Company.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Zhuhai Zhenrong 
Company under--
    e. The Export Administration Act of 1979 (50 U.S.C. Appx. 
Sec. Sec.  2401 et seq.);
    f. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    g. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    h. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or re-export 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to Zhuhai Zhenrong Company totaling more than 
$10,000,000 in any 12-month period unless Zhuhai Zhenrong Company is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to Zhuhai Zhenrong Company and 
not to any subsidiary, affiliate, or shareholder thereof unless 
separately identified.
    The sanctions described above with respect to each of the persons 
listed shall remain in effect until otherwise directed pursuant to the 
provisions of the ISA or other applicable authority. Pursuant to the 
authority delegated to the Secretary of State in the Delegation 
Memorandum, relevant agencies and instrumentalities of the United 
States Government shall take all appropriate measures within their 
authority to carry out the provisions of this notice. The Secretary of 
the Treasury is taking appropriate action to implement the sanctions 
for which authority has been delegated to the Secretary of the Treasury 
pursuant to the Delegation Memorandum and Executive Order 13574 of May 
23, 2011.
    The following constitutes a current, as of this date, list of 
persons on whom sanctions are imposed under the ISA. The particular 
sanctions imposed on an individual company are identified in the 
relevant Federal Register Notice.

--Allvale Maritime Inc. (see Public Notice 7585, 76 FR 56866, September 
14, 2011)
--Associated Shipbroking (a.k.a. SAM) (see Public Notice 7585, 76 FR 
56866, September 14, 2011)
--Belarusneft (see Public Notice 7408, 76 FR 18821, April 5, 2011)
--FAL Oil Company Limited
--Kuo Oil (S) Pte. Ltd.
--Naftiran Intertrade Company (see Public Notice 7197, 75 FR 62916, 
Oct. 13, 2010).
--Petrochemical Commercial Company International (a.k.a. PCCI) (see 
Public Notice 7585, 76 FR 56866, September 14, 2011)
--Petr[oacute]leos de Venezuela S.A. (see Public Notice 7585, 76 FR 
56866, September 14, 2011)
--Royal Oyster Group (see Public Notice 7585, 76 FR 56866, September 
14, 2011)
--Soci[eacute]t[eacute] Anonyme Mon[eacute]gasque D'Administration 
Maritime Et A[eacute]rienne (a.k.a. S.A.M.A.M.A., a.k.a. SAMAMA) (see 
Public Notice 7585, 76 FR 56866, September 14, 2011)
--Speedy Ship (a.k.a. SPD) (see Public Notice 7585, 76 FR 56866, 
September 14, 2011)
--Tanker Pacific Management (Singapore) Pte. Ltd. (see Public Notice 
7585, 76 FR 56866, September 14, 2011)
--Zhuhai Zhenrong Company

    Dated: January 20, 2012.
Deborah A. McCarthy,
Acting Assistant Secretary of State for Economic and Business Affairs.
[FR Doc. 2012-1840 Filed 1-26-12; 8:45 am]
BILLING CODE 4710-07-P