31 CFR §589.320
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The term initiated as used in § 589.205(b) means when a government or any of its political subdivisions, agencies, or instrumentalities (including any entity owned or controlled directly or indirectly by any of the foregoing) formally grants exploration, development, or production rights to any party.