License Details
LicenseGL 7C
OFAC titleVenezuela General License 7C
Coverageenergy
StatusPeriodically reissued
SourceLive OFAC scrape
Plain-English Summary
Permits transactions involving CITGO Petroleum, CITGO Holding, and PDV Holding, which are blocked by virtue of their PdVSA ownership.
AI-Assisted Analysis
GL 7C 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.