The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) authorized on August 21, 2026, the negotiation and execution of contingent contracts aimed at bringing new investment into Venezuela’s telecommunications sector. The measure explicitly allows Venezuelan state entities, particularly the National Telecommunications Commission (CONATEL) and Compañía Anónima Nacional Teléfonos de […]
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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added Bluwaves Properties Limited, a company registered in the British Virgin Islands, to its Specially Designated Nationals and Blocked Persons (SDN) List. The company belongs to Harry Sargeant III, a Florida energy magnate who has long served as a channel […]
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The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]
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The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 5Y on Monday, authorizing certain transactions related to the 8.5% PDVSA 2020 bond, effective September 17, 2026. The new license replaces General License 5X, which OFAC issued on June 18, 2026, and which had set August […]
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The Daily Journal — Venezuela’s Supreme Tribunal of Justice (TSJ) has ordered Halliburton Servicios de Venezuela, S.A. to resume its productive operations through a precautionary measure issued in Ruling No. 327, corresponding to Case No. 2026-006. The decision follows a request filed by the company’s legal representatives on March 24, 2026. The ruling instructs the […]
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EFE — The U.S. Department of the Treasury announced on Monday a temporary easing of certain financial oversight measures to allow U.S. institutions to facilitate authorized transactions related to Venezuela’s economic recovery and humanitarian assistance following the country’s recent earthquakes. Under the measure, the Treasury said the Financial Crimes Enforcement Network (FinCEN) will not take […]
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The Daily Journal — Fluxus Oil, Gas & Energy, owned by Brazilian businessmen Joesley and Wesley Batista, has acquired a stake in a Venezuelan oil production project, according to a Bloomberg report. The transaction adds to a series of private agreements that have emerged following the sanctions relief promoted by the administration of U.S. President […]
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The Daily Journal. — The U.S. Department of the Treasury issued a general license Thursday that temporarily authorizes transactions related to humanitarian relief efforts following the earthquake in Venezuela, partially easing restrictions under the country’s sanctions program. The Office of Foreign Assets Control (OFAC) issued General License No. 60, allowing “all transactions related to earthquake […]
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The Daily Journal — The United States has restructured its sanctions regime on Venezuela by issuing four new general licenses that expand operating opportunities for U.S. and allied companies in the country’s oil, petrochemical, natural gas, and electricity sectors under a framework of financial oversight and geopolitical restrictions. The U.S. Department of the Treasury’s Office […]
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