US imposes sanctions against Sudan oil project

The US has issued economic sanctions against a multinational oil venture operating in Sudan.The sanctions are against coventurers in the Greater Nile Oil Project (GNOP), which include Calgary's Talisman Energy Inc. and the state oil companies of Sudan, China, and Malaysia. The sanctions apply only to the activities of the joint venture and do not prevent other business dealings with the involved companies.The sanctions state that US citizens or companies and their foreign branches are prohibited from engaging in most trade and financial transactions with GNOP or Sudapet, the Sudan state oil company. US firms that conduct business with Greater Nile Petroleum Operating Co. Ltd. or Sudap...

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