JUTAL OIL SER (03303): Penglai Jutal Applies for Removal from SDN List

Stock News

2025/10/14

JUTAL OIL SER (03303) announced an update regarding the inclusion of its wholly-owned subsidiary Penglai Jutal Ocean Engineering Heavy Industry Limited on the Specially Designated Nationals (SDN) list by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC).

The company provided the latest development: Penglai Jutal has engaged a professional law firm and formally submitted a written application to OFAC on October 14, 2025, requesting removal from the SDN list. Currently, Penglai Jutal has suspended construction operations related to projects involving SDN list matters.

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