MARITIME & MILITARY

                                                                  PROCLAMATIONS 1.  In Executive Order 11888 of November 24, 1975, the President designated Turkey as a beneficiary developing country for purposes of the Generalized System of Preferences (GSP) (19 U.S.C. 2461  et seq .). 2.  Pursuant to section 502(d)(1) of the Trade Act of 1974, as amended (the “1974 Act”) (19 U.S.C. 2462(d)(1)), the President may withdraw, suspend, or limit the application of the duty-free treatment accorded under the GSP with respect to any beneficiary developing country.  In taking any action under section 502(d)(1) of the 1974 Act, the President shall consider the factors set forth in sections 501 and 502(c) of the 1974 Act (19 U.S.C. 2461 and 2462(c)). 3.  Section 502(c)(2) of the 1974 Act (19...

London  https://www.reuters.com/article/us-bp-divestiture-egypt/bp-nears-sale-of-stake-in-egyptian-oil-firm-to-dragon-oil-sources-idUSKCN1ST15G The sale, which is expected to complete in the coming weeks, would mark the end of BP’s 50-year-old partnership in the Gulf of Suez Petroleum Company (GUPCO) as the London-based company focuses on developing Egypt’s large offshore gas reserves. Dragon Oil, a subsidiary of Dubai’s Emirates National Oil Company (ENOC), has said it plans to expand its international operations and boost its production to 300,000 barrels of oil equivalent per day by 2025. GUPCO produces over 70,000 barrels per day of oil and 400 million cubic feet per day of gas, the sources said. A BP spokesman declined to comment.  The Egyptian Petroleum Ministry and the Egyptian General Petroleum Corporation (EGPC) had no immediate comment. ENOC could not be reached for comment. The GUPCO sale has received the initial approval of Egypt’s Petroleum Ministry ...