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: Office of Foreign Assets Control (OFAC)
OFAC issues general license no. 54 involving mineral operations in Venezuela
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 27.Mar.2026, Words: 63) — The US Office of Foreign Assets Control (OFAC) issued general license no. 54, authorizing the supply of certain items and services for minerals operations in Venezuela. RELATED: OFAC ISSUES GENERAL LICENSE NO. 51A INVOLVING VENEZUELAN-ORIGIN MINERALS, INCLUDING […]
OFAC issues GL52 related to certain transactions with PDVSA
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 18.Mar.2026, Words: 50) — The US Office of Foreign Assets Control or OFAC issued general license no. 52 authorizing certain transactions involving PetrĂłleos de Venezuela, S.A. (PDVSA). RELATED: DELCY REPLACES VLADIMIR PADRINO LĂ“PEZ, ANNOUNCES OTHER APPOINTMENTS ____________________ By Chad Archey reporting from Atlanta. […]
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 Treasury. The following entities have been added to OFAC’s SDN List: ARIES GLOBAL INVESTMENT LTD (a.k.a. ARIES GLOBAL INVESTMENT LIMITED), Room 2611, 26th Floor, Southeast […]
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 General License 5T, “Authorizing Certain Transactions Related to the PetrĂłleos de Venezuela, S.A. 2020 8.5% Bond on or After February 3, 2026.” ____________________
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 Department of the Treasury’s Office of Foreign Assets Control (OFAC) enabling negotiations with neighboring Venezuela related to procurement of natural gas from the Dragon field, […]
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 actions that intensify its efforts against Iran’s petroleum and petrochemical exports by sanctioning more than 50 individuals, entities, and vessels that facilitate Iranian oil and […]
![OFAC on sanctions regulations related to PDVSA 8.5% bond [pdf download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/BCS-Blog-What-is-the-OFAC.jpg)
OFAC on sanctions regulations related to PDVSA 8.5% bond [pdf download]
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Jun.2025, Words: 75) — The US Office of Foreign Assets Control (OFAC) released new details authorizing certain transactions related to the PetrĂłleos de Venezuela, S.A. (PDVSA) 2020 8.5% bond on or after 20 Dec. 2025. The authorization relates to general license no. […]
OFAC sanctions Iranian LPG magnate Seyed Asadoollah Emamjomeh and his network
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 22.Apr.2025) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) imposed sanctions on Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network. Collectively they are responsible for shipping hundreds of millions of dollars’ worth […]
Chevron Filed Taxes in Venezuela Despite Sanctions, Documents Show
(BLOOMBERG, 16.Jan.2025) — Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás Maduro is benefiting from the US company’s oil production in spite of sanctions. Chevron filed documents saying its ventures in Venezuela owed 8.1 billion bolivars […]
OFAC Gives Nynas AB Time
(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA’s joint venture Nynas AB despite US sanctions on the Venezuelan oil sector, the US Treasury Department’s Office of Foreign Assets Control said in a notice on its website on Wednesday. “All transactions and activities […]
Petrobras Clarifies Fuel Supply For Iranian Vessels
(Petrobras, 19.Jul.2019) — Petrobras clarifies media reports related to the supply of fuel to two Iranian vessels. Petrobras did not provide fuel to the exporting company because the Iranian vessels it contracted and the Iranian company that owns those vessels are sanctioned by the United States and are listed in […]