Searchable reference for the active OFAC general licences governing Venezuela-related transactions with PdVSA, Chevron, CITGO, debt, and gold-sector entities.
Filter the license list first, then open our internal analysis for the matching card.
An OFAC general license authorizes certain transactions that sanctions would otherwise block. For Venezuela, key licenses cover oil, debt, CITGO, wind-down periods, and designated counterparties.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Tracks OFAC authorization affecting Venezuelan debt, securities, bonds, or related settlement activity. Review the license text before trading, custody, or payment decisions.
Useful for funds, banks, and counsel mapping Venezuela securities exposure to OFAC's current permissions.
Tracks OFAC authorization affecting Venezuelan debt, securities, bonds, or related settlement activity. Review the license text before trading, custody, or payment decisions.
Useful for funds, banks, and counsel mapping Venezuela securities exposure to OFAC's current permissions.
Conditionally authorises holders of the PdVSA 2020 bond to engage in transactions related to the bond's collateral on or after a specified effective date, subject to ongoing OFAC interpretation.
Critical for Venezuelan sovereign-debt holders — keeps the CITGO collateral question alive without forcing immediate enforcement.
Tracks OFAC authorization affecting Venezuelan debt, securities, bonds, or related settlement activity. Review the license text before trading, custody, or payment decisions.
Useful for funds, banks, and counsel mapping Venezuela securities exposure to OFAC's current permissions.
Permits transactions involving CITGO Petroleum, CITGO Holding, and PDV Holding, which are blocked by virtue of their PdVSA ownership.
Why CITGO can keep operating in Texas and Louisiana refineries despite its parent being on the SDN list. Watch for any GL 7 modification — it directly affects the CITGO valuation in any restructuring scenario.
Permits Chevron, Halliburton, Schlumberger, Baker Hughes, and Weatherford to engage in essential maintenance operations involving PdVSA, with strict reporting requirements.
Underpins the limited continued presence of US oilfield service majors in Venezuela. Each renewal cycle is closely watched.
Permits transactions in certain Venezuelan securities (debt or equity) that were issued prior to specified Executive Orders, subject to secondary market trading conditions.
Foundational GL for distressed-debt secondary trading. Essential reading for any fund holding legacy Venezuelan paper.
Tracks OFAC authorization affecting Venezuelan debt, securities, bonds, or related settlement activity. Review the license text before trading, custody, or payment decisions.
Useful for funds, banks, and counsel mapping Venezuela securities exposure to OFAC's current permissions.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Permits ongoing administrative transactions necessary for the operation of Nynas, a Swedish refining group historically linked to PdVSA.
The European compliance reference point — shows how OFAC treats EU entities with PdVSA legacy ownership.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization for legal, court, arbitration, or settlement-related activity involving Venezuela sanctions restrictions.
Relevant for creditors, litigants, and advisers handling Venezuela claims or settlement mechanics.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Permits Chevron to lift, sell, and import Venezuelan-origin crude oil and petroleum products into the United States subject to specific conditions, including no payment of taxes or royalties to the Government of Venezuela.
The single most important GL for the Venezuelan oil sector — restored Chevron's ability to physically lift crude after years of dormancy.
Allows discrete legal-settlement-related transactions involving the Government of Venezuela that would otherwise be blocked.
Used in legacy expropriation and ICSID-award contexts — narrow but important for arbitration practitioners.
Permits NGC and Shell to continue planning, drilling, financing, and offtake activities for the cross-border Dragon Gas Field project subject to specified conditions.
Key for the Dragon Field development and broader cross-border gas integration with Trinidad. Signals a US tolerance for limited regional energy cooperation.
A broader licence covering oil and gas sector transactions, periodically reissued with attached terms reflecting the political context (e.g. electoral conditionality).
When in force, this is the most consequential general licence in the Venezuelan energy space. Its renewal/expiration is directly tied to milestones agreed in the Barbados political dialogue.
Permits a limited wind-down period for transactions involving newly designated gold-sector entities, ensuring orderly counterparty exit rather than an immediate freeze.
Compliance teams should diary any GL 45 expiration date as a hard cut-off for blocked-counterparty exposure.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization for Venezuela energy, oil-and-gas, or PdVSA-related activity. The official license text controls the exact counterparties, payments, and limits.
Key for investors and operators assessing whether Venezuela energy exposure can proceed under a current OFAC authorization.
Tracks OFAC authorization connected to Venezuela mining or gold-sector activity. Check the official license for eligible parties, wind-down dates, and prohibited flows.
Important for counterparties screening exposure to Venezuela's gold and mining sanctions perimeter.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization connected to Venezuela mining or gold-sector activity. Check the official license for eligible parties, wind-down dates, and prohibited flows.
Important for counterparties screening exposure to Venezuela's gold and mining sanctions perimeter.
Tracks OFAC authorization connected to Venezuela mining or gold-sector activity. Check the official license for eligible parties, wind-down dates, and prohibited flows.
Important for counterparties screening exposure to Venezuela's gold and mining sanctions perimeter.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks an OFAC general license for Venezuela-related transactions. Use the internal analysis to understand the likely context, then confirm details in the official OFAC text.
A live OFAC-sourced license entry with Caracas Research context for investors, operators, and compliance teams.
Tracks OFAC authorization affecting Venezuelan debt, securities, bonds, or related settlement activity. Review the license text before trading, custody, or payment decisions.
Useful for funds, banks, and counsel mapping Venezuela securities exposure to OFAC's current permissions.
See related: OFAC Venezuela sanctions tracker · how to invest in Venezuela · latest sanctions briefings.
General licenses issued, amended, or revoked — delivered within hours of publication.
General licenses issued, amended, or revoked — delivered within hours of publication.
Recent investor briefings on OFAC Venezuela-program actions, license activity, and enforcement signals.
Venezuela aligns agricultural credit terms with production cycles, impacting farm productivity and investment opportunities.
Read analysis ENERGYVenezuela's proposed law invites private investment in its electric system, enhancing capacity and reliability. Key opportunities in alternative energy.
Read analysis SANCTIONSVenezuela forms coalition to end sanctions, potentially boosting oil and finance sectors. Investors should watch diplomatic shifts.
Read analysisTell us what tools, data, checklists, or workflow would make your experience better.