VENEECONOMIST
OFAC GENERAL LICENSEExpiredEnergy

GL 8N

GL 8N — Servicing Authorizations for Designated Entities

Version history

  • Jun 04, 2026GL 8N (emitida 2024-05-10) fue reemplazada/superseded por GL 8O el 2024-11-07; la cadena GL 8O expiro 2025-05-09. Corregido active->superseded y fecha (estaba 2025-10-25, erronea por manual_seed). No pertenece a la serie activa 2026. Verificado contra Federal Register 2024-11846 y OFAC Recent Actions 2024-11-07.
  • Jun 18, 2026Marcada expired: funcion absorbida por el regimen amplio 2026 (GL 46/52, etc.); sin sucesor unico. Corrige el estado superseded-sin-sucesor.

Issued

May 10, 2024

Expiration

Nov 15, 2024

Authorized entity

PDVSA y subsidiarias mayoritarias

Type

General

Scope

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.

Authorized activities

  • ·Pagos de nómina local
  • ·Mantenimiento de infraestructura crítica (safety/environmental)
  • ·Cumplimiento de obligaciones contractuales pre-existentes

Prohibited activities

  • ·Nuevas inversiones de capital
  • ·Ampliación de operaciones
  • ·Exportación de crudo (cubierto por otras GL)

VENE · ECONOMIST Analysis

Fact
GL 8N renueva la autorización de servicios mínimos a PDVSA, vigente desde el régimen sanciones plenas de 2019; última actualización octubre 2025 antes del cambio estructural de 2026.
Implication
Mantiene una línea de operaciones humanitarias y de seguridad que evita un colapso técnico de la industria. Para servicers internacionales (Halliburton, SLB, Baker Hughes) habilita facturación legítima sobre contratos legacy.
Indicator to monitor
Posible reemplazo por una licencia más amplia (GL 8O o consolidación con GL 41) si el régimen 2026 continúa la flexibilización.

Official source

OFAC — action page

This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.

Tracking this license?

Get the OFAC Monthly Tracker

Monthly PDF with all changes.

Related licenses in this sector

GL 46C

GL 46C — Trade in Venezuelan-Origin Oil and Petrochemical Products

GL 48B

GL 48B — Supply of Goods and Services to Venezuela

GL 50B

GL 50B — Oil or Gas Sector Operations of Listed Entities

GL 52A

GL 52A — Transactions Involving Petróleos de Venezuela, S.A.

Free subscription · 1-click unsubscribe

Track OFAC moves on Venezuela

Subscribing you to Daily VE Pulse.

FURTHER READING

04
SECTOR BRIEF · VE-ENERGY-UPSTREAM

Venezuela Upstream July 2026: LOH Regulation drops PDVSA (Gaceta 7,052), Repsol signs Horcón MoU, OFAC amends GL 46C-54A, Brent normalizes to $81

The first comprehensive Hydrocarbons Law regulation since 1943 opens upstream to privates without a mandatory joint venture; the VE Score eases from 94 to 84 on Brent's correction (May $104 → July $81), not regulatory deterioration.

VE PULSE · 25-AUG-2026

Money paid up front for a Venezuelan home stops passing through the builder's hands

Until now the developer took the buyer's down payment and put it to work. The text passed on Friday routes it into a trust that releases funds only against construction progress certified by an independent engineer.

ANÁLISIS · ENERGÍA · SANCIONES Y ELEGIBILIDAD

OFAC eligibility in Venezuela: who lends the permit to sign with PDVSA

A Canadian oil company set out on August 24 the six steps it took to enter Venezuelan crude: a U.S. subsidiary, registration with the investment agency, exclusivities, data packages and a field visit. Five it took alone. For the sixth it states that it partners "with entities benefiting from the updated U.S. sanctions regime."

VE PULSE · 24-AUG-2026

Washington clears the rebuilding of Venezuela's network and leaves the capital waiting on another license

Through Thursday the telecommunications license covered carrying traffic; since Friday it covers installing, repairing and operating the plant itself. Putting capital into it still needs a permit that does not exist yet.