A new set of licenses was announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on June 10. The resolutions expand and update the authorizations for energy and mining operations related to the country.
Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A immediately…
Read More...
Browsing Tag
department of the treasury
The United States lifts sanctions on Central Bank of Venezuela
The Donald Trump administration lifted sanctions on the Central Bank of Venezuela, as well as other banks in the country, through General License No. 57, issued by the Office of Foreign Assets Control (OFAC).
The measure, announced on…
US authorizes supply of technology and software for oil production in Venezuela
The US Treasury Department announced on Tuesday, February 10, the issuance of the new General License 44A, which authorizes “the supply, export, and re-export of technology, software, equipment, and services necessary for the exploration,…
OFAC extends license for gas delivery and offloading in Venezuela
The U.S. Department of the Treasury extended gas delivery and offloading in Venezuela until September 7 through General License No. 40D, issued by the Office of Foreign Assets Control (OFAC).
The new license replaces license 40C and…
OFAC extends oil service companies’ licenses to operate in Venezuela for six months
The Office of Foreign Assets Control of the United States Department of the Treasury (OFAC) announced on Thursday, November 7, the extension for six months, until May 9, 2025, of the licenses to operate in Venezuela for the oil service…
US lawmakers propose ECASH bill
Lawmakers Stephen Lynch, Jesus Chuy Garcia, Ayanna Pressley and Rashida Tlaib introduced a bill called the Electronic Currency and Secure Hardware Act (ECASH Act) that seeks to instruct the Secretary of the Treasury to "develop and issue…
Chevron to reactivate operations in Venezuela
United States President Joe Biden authorized Chevron to start the reactivation of its operations in Venezuelan territory and it is estimated that the decision will be formalized this week, within the framework of the talks between the…
Treasury Department to keep a close eye on cryptocurrencies
This Thursday, the United States Department of the Treasury announced that from now on it will monitor activities with cryptocurrencies more closely.
According to the US agency, this measure is taken because the use of digital assets…