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 Tuesday, April 14, “allows the reactivation of a wide range of…
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Office of Foreign Assets Control
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…
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.…