License Details
LicenseGL 41
OFAC titleAuthorising Certain Transactions Related to Chevron Corporation's Joint Ventures in Venezuela
Coverageenergy, oil-gas, Chevron, PDVSA
StatusSubject to OFAC modification
SourceCurated Caracas Research entry
Plain-English Summary
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.
AI-Assisted Analysis
GL 41 is part of the Venezuela energy-sanctions framework. Investors should treat it as a permissions boundary for oil, gas, PDVSA, or service-company exposure rather than as broad sanctions relief.
- Amendments, extensions, or replacement license numbers
- Counterparty limits involving PdVSA, Venezuelan state entities, or blocked persons
- Wind-down dates, reporting requirements, and payment restrictions
Internal Context
Track related updates in the Venezuela sanctions tracker, compare active licenses in the general-license directory, and screen counterparties with the OFAC Venezuela sanctions checker.