License Details
LicenseGL 44A
OFAC titleAuthorising Certain Transactions Related to Oil or Gas Sector Operations in Venezuela
Coverageenergy, oil-gas, PDVSA
StatusSubject to reissuance — terms have shifted with the political environment
SourceCurated Caracas Research entry
Plain-English Summary
A broader licence covering oil and gas sector transactions, periodically reissued with attached terms reflecting the political context (e.g. electoral conditionality).
AI-Assisted Analysis
GL 44A 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.