Energy and Natural Resources Videos

Download a summary of the session with a video link below.

The password was emailed to all members on 05.06.2025

Video Summary

The Energy Practice Group, chaired by Paul Heyburn and Paul Rutisya, featured a presentation by Simge Kiliç (MI Member Firm Herdem Attorneys At Law, Turkey)  on the aftermath of the sudden revocation of the US license for Iranian oil and petrochemical transactions. Simge explained that the General License X, which provided a 60-day window for trade, was revoked after just 16 days, leaving no operative license and exposing any ongoing transactions to full sanctions risk. She detailed the coverage gaps of the license and highlighted the intensifying enforcement actions, including recent designations and naval blockades. Simge also discussed the broader implications, such as the risk to Turkish entities and the potential impact of the proposed Senate Bill 1241, which could impose severe tariffs. The presentation was followed by a Q&A session where Simge addressed questions on delisting, red flags for compliance, and the exposure of various parties in the supply chain. The session concluded with a discussion on the fast-moving nature of the situation and the potential for future updates.