Venezuela is preparing to rejoin the international SWIFT payments system following the issuance of licenses 56 and 57 by the U.S. Treasury Department's Office of Foreign Assets Control, according to economist Elio Córdova.
As is well known, the SWIFT system (Society for Worldwide Interbank…
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ofac
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…
First shipment of gold arrives in the US from Venezuela
US Secretary of the Interior Doug Burgum confirmed this Sunday, March 8, that the first shipment of Venezuelan gold, valued at $100 million, has arrived in the United States.
https://twitter.com/webnotitarde/status/2030791794120704340…
License 30B authorizes transactions for port and airport operations in Venezuela
Foreign trade specialist Marisol Mújica commented on the new OFAC License 30B, which authorizes transactions related to port and airport operations in Venezuela.
According to the specialist, this would result in a reduction of up to 25 %…
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 authorizes sale of US diluents to Venezuela
The Office of Foreign Assets Control (OFAC) issued a new license last week for the sale of US diluents to Venezuela, as part of the opening of crude oil exports from the South American country.
According to this license, the export and…
The United States extends Citgo auction until March
A new license issued by the US Treasury Department's Office of Foreign Assets Control (OFAC) has extended the auction of the Citgo refinery until March.
The document states that it "temporarily prevents creditors from invoking US courts to…
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 deadline for Chevron to liquidate operations in Venezuela
Chevron has until May 27 to liquidate its operations in Venezuela. This was decided by the U.S. Office of Foreign Assets Control (OFAC), according to an announcement on Tuesday.
U.S. President Donald Trump had been considering giving the…
Chevron to continue operations in Venezuela
The American oil company Chevron will continue operations in Venezuela after the United States Office of Foreign Assets Control (OFAC) automatically renewed General License number 41 for six months.
The decision was announced during the…
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…
Chevron will be able to operate in Venezuela until April 2025
Chevron's operations in Venezuela will be able to continue until April 2025 after the United States Department of the Treasury, through the Office of Foreign Assets Control (OFAC), renewed General License 41 that authorizes said activity.…