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OFAC Venezuela License Tracker
Updated status of OFAC General Licenses on Venezuela. Each license with its scope, expirations, authorized entities, and investment implications.
Last verified against OFAC Recent Actions: May 11, 2026, 02:42 PM
16 active licenses
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GL 52 — Specific Transactions Involving PDVSA
Authorizes specific transactions with PDVSA and its majority-owned subsidiaries necessary for the execution of the GL 46B/50A regime: settlement of legacy accounts receivable, pre-2019 contract settlement, transfers between authorized accounts.
Issued Mar 18, 2026
GL 50A — Oil and Gas Sector Operations
Authorizes specific operations in the Venezuelan oil and gas sector including field development, infrastructure, transportation, and commercialization by foreign operators (Repsol, Eni, BP, Shell, Maurel & Prom).
Issued Mar 13, 2026
GL 46B — Expanded Venezuelan Oil and Petrochemical Trade
Expanded version of GL 46 extending authorizations to activities involving Venezuelan-origin oil, petrochemical products, and supply of goods and services to the sector. Captures Repsol/Eni/M&P relationships without requiring specific licenses.
Issued Mar 13, 2026
GL 47 — Ancillary Services and Goods to Venezuelan Energy Sector
Authorizes provision of technical services, engineering, and supply of ancillary goods necessary for operations authorized under GL 46/46B.
Issued Feb 13, 2026
GL 8N — Servicing Authorizations for Designated Entities
Authorizes certain activities necessary for the safe and orderly maintenance of operations (safety, environmental, local payroll) in PDVSA and designated subsidiaries, without permitting new investment or operational expansion.
Issued Oct 25, 2025
Finance
GL 58 — Services to the Government of Venezuela for Potential Debt Restructuring
Authorizes provision of legal, financial advisory, and consulting services to the Government of Venezuela, including PDVSA, in connection with potential debt restructuring. Does not authorize the restructuring itself, transfer, settlement, or direct negotiations between the Government of Venezuela and its creditors.
Issued May 05, 2026
GL 5W — PDVSA 2020 8.5% Bond
Authorizes certain transactions related to the PDVSA 2020 8.5% bond on or after June 19, 2026. Supersedes GL 5V and extends the regime initiated with GL 5 (2019) protecting CITGO Holding from bondholder execution on collateral. The shortest extension in the series (45 days) signals Treasury coordination with the CITGO sale process in the Delaware court.
Issued May 04, 2026
GL 57 — Financial Services with BCV and Named State Banks
Authorizes provision of U.S. financial services (accounts, payments, correspondent banking, cards, digital payments) with the Banco Central de Venezuela and four named state banks, subject to full AML/FinCEN compliance obligations.
Issued Apr 14, 2026
Minerals
GL 55 — Services to the Venezuelan Mining Sector
Complements GL 54 authorizing technical services, heavy equipment, and environmental consulting to the Venezuelan mining sector.
Issued Mar 27, 2026
GL 51A — Venezuelan-Origin Gold Transactions
Amended version of GL 51 authorizing transactions with Venezuelan-origin gold under certified chain of custody and quarterly OFAC reporting.
Issued Mar 27, 2026
GL 54 — Mining Sector (Gold and Non-Precious Minerals)
Authorizes operations in the Venezuelan mining sector including coltan, iron, bauxite, and gold outside the Orinoco Mining Arc.
Issued Mar 27, 2026
Cross-sector
GL 56 — Commercial Negotiations Across All Sectors
Authorizes negotiating contingent contracts with the Government of Venezuela across all economic sectors, expressly conditioning performance on a separate OFAC authorization. Structural milestone of the 2026 regime.
Issued Apr 14, 2026
GL 53 — Official Missions of the Government of Venezuela to the United States
Authorizes provision of goods and services in the U.S. to official Government of Venezuela missions (embassy and consulates) and to permanent missions to international organizations headquartered in the U.S. Allows U.S. financial institutions to operate accounts, process funds transfers, and extend credit to mission employees.
Issued Mar 24, 2026
GL 49A — Negotiation of Contingent Investment Contracts
Authorizes negotiation of contingent contracts in non-energy sectors with the express condition that performance requires separate OFAC authorization.
Issued Mar 13, 2026
GL 30B — Port and Airport Operations in Venezuela
Authorizes transactions "ordinarily incident and necessary" to the operation or use of ports and airports in Venezuela. Replaces GL 30A (February 2021) and removes the prior prohibition on the exportation or re-exportation of diluents to Venezuela.
Issued Feb 10, 2026