America withdraws the exemption decision from the Delta Crescent Energy Company operating in the oil fields in Syrian Kurdistan
The administration of US President Joe Biden decided not to extend the exemption from sanctions that the Trump administration granted in April 2020 to a US oil company to operate in northeastern Syria.
According to what was published on Al-Monitor, US administration officials considered the decision to withdraw the exemption from the company that produces and sells oil in Syria, which is still subject to severe penalties under the Caesar Act, as a policy correction, not a shift. So it is unlikely that any other companies will be granted exemptions as well.
Delta Crescent Energy, whose exemption expired on April 30, has obtained a 30-day grace period to terminate its activities in northeastern Syria, where the PYD Administration is supervised by the Democratic Union Party (PYD).
Source: BasNews translated from Arabic
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