BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 25.Jun.2026, Words: 66) — The US Office of Foreign Assets Control (OFAC) issued general license no. 60 […]
Tag: OFAC
OFAC issues GL5W related to PDVSA 2020 8.5% bond and transaction on/after 19 Jun. 2026
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 4.May.2026, Words: 58) — The US Office of Foreign Assets Control (OFAC) issued general license no. 5W that authorizes […]
US removes Venezuela’s interim leader Delcy Rodríguez from OFAC list
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 2.Apr.2026, Words: 192) — The US removed Venezuela’s interim president Delcy Rodríguez from the list of those […]
OFAC issues GL53 related to official Venezuelan missions to the US
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 24.Mar.2026, Words: 50) — The US Office of Foreign Assets Control or OFAC issued general license no. 53 […]
Treasury comments on Venezuelan general license, benefits for the US and Venezuela
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 […]
EAI brief: OFAC issues GL49A related to contingent contracts
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 13.Mar.2026, Words: 50) — The US Office of Foreign Assets Control or OFAC issued general license no. 49A […]
EAI brief: OFAC issues GL48A related to supply of certain items to Venezuela
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 13.Mar.2026, Words: 48) — The US Office of Foreign Assets Control or OFAC issued general license no. 48A […]
EAI brief: OFAC issues GL46B related to Venezuelan petrochemical products
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 13.Mar.2026, Words: 46) — The US Office of Foreign Assets Control or OFAC issued general license no. 46B […]
EAI brief: OFAC issues GL51 related to gold in Venezuela
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 6.Mar.2026, Words: 48) — OFAC issued general license 51 (GL51) authorizing certain activities involving Venezuelan-origin gold. RELATED: […]
EAI brief: OFAC issues GL50A, says contract dispute resolutions to occur in the US
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Feb.2026, Words: 140) — The US Office of Foreign Assets Control (OFAC) issued general license 50A, dated 18 […]
![OFAC issues general licenses related to Venezuela [3 PDF downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/03/Varios-heridos-de-gravedad-en-Venezuela-por-un-incendio-en-una.jpg)
OFAC issues general licenses related to Venezuela [3 PDF downloads]
WASHINGTON, DC (By OFAC, 10.Feb.2026, Words: 62) — The Department of the Treasury‘s Office of Foreign Assets Control (OFAC) is issuing Venezuela general license 48, “authorizing […]
EAI brief: OFAC issues GL no. 5U related to PDVSA 8.5% 2020 bonds
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 2.Feb.2026, Words: 89) — Effective 2 Feb. 2026, general license no. 5T, dated 19 Dec. 2025, is replaced […]
OFAC issues general license no. 46 related to Venezuela
HOUSTON, TEXAS (By Editors with Energy Analytics Institute, 29.Jan.2026, Words: 46) — The US Office of Foreign Assets Control (OFAC) issued general license no. 46, […]
OFAC reveals Chinese company additions to SDN list, Venezuelan vessel designations
WASHINGTON, DC (By OFAC, 31.Dec.2025, Words: 342) — The US Office of Foreign Assets Control (OFAC) revealed recent actions updates for the US Department of the […]
EAI brief: OFAC authorizes certain PDVSA 8.5% bond transactions
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 19.Dec.2025, Words: 59) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) issued Venezuela-related […]
Trinidad secures 6 month OFAC license for Venezuela’s Dragon gas
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 10.Oct.2025, Words: 305 — Twin-island nation Trinidad and Tobago secured a 6-month license from the US […]
US Treasury takes actions targeting key elements of Iran’s energy export machine
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 9.Oct.2025, Words: 306) — The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced […]
US supportive of OFAC licenses for Trinidad-Venezuela cross-border developments
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 30.Sep.2025, Words: 233) — Trinidad and Tobago’s prime minister Kamla Persad-Bissessar obtained the support of the […]
Treasury’s OFAC takes decisive action against violent Mexican cartels
WASHINGTON, DC (by US Treasury, 14.Aug.2025, Words: 1,104) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning two […]
OFAC sanctions Brazilian supreme court justice Alexandre de Moraes
WASHINGTON, DC (By Treasury, 30.Jul.2025, Words: 510) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Brazilian Supreme […]
![OFAC issues general license no. 40D regarding offloading of LPG in Venezuela [download]](https://energy-analytics-institute.org/wp-content/uploads/2020/10/lpg-vzla-source-pdvsa.jpg)
OFAC issues general license no. 40D regarding offloading of LPG in Venezuela [download]
HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 7.Jul.2025, Words: 270) — As part of the US’ Venezuela sanctions regulation, the US Office of Foreign […]
Chevron confirms expiration of GL 41B that impacts operations in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.May.2025, Words: 246) — Chevron Corporation confirmed expiration of General License 41B (GL41B), issued by the US […]
Trump, OFAC and Chevron’s “secret” license to operate in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.May.2025, Words: 274) — The administration of US president Donald Trump has authorized Chevron Corporation to continue […]
US set to extend Chevron’s lifeline in Venezuela another 60 days amid negotiations
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 20.May.2025, Words: 209) — Chevron Corporation, which has operated in Venezuela for the greater part of […]
US Treasury takes steps to stop Iran from manufacturing missile components
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.May.2025, Words: 224) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) designating 6 individuals […]
Chevron’s Venezuelan oil cargoes canceled, stalled amid payment uncertainty
HOUSTON, TEXAS (Reuters, 11.Apr.2025) — At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, […]
OFAC eats Dragon, revokes license for Dragon and Cocuina fields
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Apr.2025, Words: 806) — The Office of Foreign Assets Control (OFAC) has revoked 2 special licenses […]
Treasury Sanctions 6 Individual and Other Entities with Links with the Sinaloa Cartel
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Mar.2025) — The department of the US Treasury’s Office of Foreign Assets Control (OFAC) designated 6 individuals and […]
![OFAC Releases GL41A Stipulating Chevron Wind Down in Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/Screenshot_2020-04-25-Chevron-barred-from-drilling-transporting-oil-in-Venezuela-U-S-official.png){kind=icon}
OFAC Releases GL41A Stipulating Chevron Wind Down in Venezuela [PDF Download]
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — The Office of Foreign Assets Control (OFAC) issued General License No. 41A on 4 Mar. […]
Official Statement: Multilateral Action Maintains Pressure on Maduro and his Representatives
(US Department of Treasury, 10.Jan.2025) — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning eight Venezuelan officials who lead […]
Broken Promises: US Oil Sanctions and Venezuela
(Rystad Energy, 29.Apr.2024) — For President Joe Biden, the situation in Venezuela remains a fly in the ointment, weighing on the administration’s energy and foreign […]
OFAC Issues GL44A to Replace GL44 in Venezuela
(Energy Analytics Institute, 17.Apr.2024) — The U.S. Office of Foreign Assets Control (OFAC) issued General License 44A, which supersedes and replaces General License 44, and […]
Negotiations Fail to Renew Venezuela Sanctions Relief License
(S&P Global, 17.Apr.2024) — A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the […]
US Not to Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
(Reuters, 15.Apr.2024) — The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas […]
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 […]
OFAC on Wind Down of Transaction of CVG [PDF Download]
(Energy Analytics Institute, 29.Jan.2024) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 43A on 29 Jan. […]
OFAC Updates on PDVSA Bond, Transactions [PDF Download]
(Energy Analytics Institute, 16.Jan.2024) — The US Office of Foreign Assets Control (OFAC) authorized certain transactions related to state-owned Petróleos de Venezuela, S.A.‘s 2020 8.5% […]
On the Uses and Misuses of Venezuela Sanctions
(CSIS, 29.Nov.2023) — Over the last month, the Biden administration has presided over a sea change in U.S. policy toward Venezuela. The recent lifting of sanctions on […]
![The lifting of sanctions and the oil collapse of Venezuela [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The lifting of sanctions and the oil collapse of Venezuela [PDF download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector […]
Eni CFO Gattei Says Venezuela ‘Clearly Is Now An Opportunity’
(Energy Analytics Institute, 27.Oct.2023) — The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian company’s third quarter 2023 […]
Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 […]
Biden Eases Sanctions on Venezuelan Oil, Republicans Howl
(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the […]
![FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2018/07/DSCF79430001-1200x635.jpg)
FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]
(US Department of State, 18.Oct.2023) — On October 18, 2023, the United States welcomed the announcement of a political agreement between representatives of Maduro and […]
Energy Chamber Welcomes Progress on Dragon Field Development
(The Energy Chamber, 17.Oct.2023) — The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and […]
T&T Can Pay Cash for Dragon Field Gas
(Trinidad Express, 17.Oct.2023) — Trinidad and Tobago can now make cash payments to Venezuela for the natural gas extracted from the Dragon field, Energy Minister […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along […]
Exxon Mobil Wants its Piece of Citgo
(USA Today, 17.Aug.2023) — The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as […]
PDV Holding Recovers Citgo Stock Certificate
(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding […]
EAI’s NRGBriefs: Apr. 2023
(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the […]