ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 18.Mar.2026, Words: 137) — The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued a license broadly authorizing established US entities to engage in many types of transactions with Venezuela’s state-owned Petróleos de Venezuela, S.A. (PDVSA), and its subsidiaries.
The license will benefit both the US and Venezuela, while supporting the global energy market by increasing the supply of available oil.
