Important: This summary was automatically generated by AI from a public-domain government source. It is provided for general information only. It is not legal, compliance, or professional advice and may contain errors, omissions, or out-of-date information. Where IMO numbers appear in the summary, they may be hyperlinked to the corresponding entry in our sanctioned-vessels database for convenience, these links are direct citations, not editorial assertions. Always verify against the official source before making any compliance, commercial, or legal decision. Read our news policy.
Key facts
Source:UK OFSI (UK Government, Open Government Licence v3.0)
The Office of Financial Sanctions Implementation (OFSI) has issued a new general licence, identified as INT/2025/7363752, effective as of 29 September 2025. This regulatory measure was established under the authority of regulation 40 of the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019.
The licence is designed to permit UK-based institutions and relevant persons to engage in activities essential for the ongoing functionality of the Shah Deniz Project. This provision ensures that necessary operations related to the project can continue despite existing sanctions frameworks.
While the licence allows for these specific activities, all permitted actions remain subject to the particular conditions outlined within the document. The measure is specifically tied to the Iran Nuclear Regulations to facilitate the project's continued management.
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