PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 27.Mar.2026, Words: 77) — The US Office of Foreign Assets Control (OFAC) issued general license no. 55, authorizing negotiations of and entry into contingent contracts for certain investment in Venezuela’s minerals sector. RELATED: OFAC ISSUES GENERAL LICENSE NO. 51A INVOLVING VENEZUELAN-ORIGIN […]
Tag: Minerven
FAQs: Suspension of Certain U.S. Sanctions with Respect to Venezuela
(OFAC, 2.Feb.2024) — Actions by Maduro and his representatives in Venezuela, including the arrest of members of the democratic opposition and the barring of candidates from competing in this year’s presidential election, are inconsistent with the agreements signed in Barbados in Oct. 2023 by representatives of Maduro and the opposition […]
US Sanctions Mining Company Backing Maduro
(Reuters, 19.May.2019) — The United States imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro. The announcement comes days after Uganda said it was investigating its biggest gold refinery […]