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OFAC issues seven amended Venezuela general licenses and two new FAQs

OFAC issued seven amended Venezuela-related general licenses and two new FAQs on June 10, updating authorizations tied to oil, gas, minerals, diluents and transactions involving PDVSA.

June 10, 2026

1 min read

WASHINGTON, June 10, 2026 — The U.S. Treasury Department’s Office of Foreign Assets Control on Wednesday issued seven amended Venezuela-related general licenses and published two new Venezuela-related frequently asked questions, marking a broad update to its licensing framework for dealings tied to the country’s energy and mining sectors.

The amended measures were General License 46C, covering certain activities involving Venezuelan-origin oil or petrochemical products; 47A, authorizing the sale of U.S.-origin diluents to Venezuela; 48B, authorizing the supply of certain items and services to Venezuela; 50B, authorizing transactions related to oil or gas sector operations in Venezuela of certain entities; 51B, authorizing certain activities involving Venezuelan-origin minerals, including gold; 52A, authorizing certain transactions involving Petróleos de Venezuela, S.A.; and 54A, authorizing the supply of certain items and services for minerals operations in Venezuela.

OFAC also issued FAQs 1259 and 1260 alongside the amended licenses. The package indicates a coordinated refresh of Venezuela-related authorizations rather than a new designation action focused on Venezuela.

Regulatory Actions

Structured data extracted from official sources and validated by sanctions experts

Sources

Primary Documents

Non-Proliferation Designations; Iran-related Designations; Issuance of Venezuela-related Amended General Licenses and Frequently Asked Questions

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