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Oil & Gas Venezuela U.S. Treasury

Paul Hastings LLP

OFAC Revokes General Authorization for Venezuelan Oil and Gas Sector But Permits Limited Wind-Down Transactions

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Broad authorizations permitting dealings in Venezuela’s oil and gas sector came to an end on April 17, 2024, when the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) terminated General...more

Paul Hastings LLP

OFAC Issues New General Licenses for Venezuela, Suspending Sanctions in Certain Sectors

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On October 18, 2023 the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a set of new authorizations under the Venezuela sanctions regime, including a temporary suspension of...more

K&L Gates LLP

United States Eases Sanctions on Venezuela

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The United States eased certain economic sanctions against Venezuela on 18 October 2023 in response to the signing of an electoral roadmap agreement between the Maduro regime and Venezuela’s Unitary Platform. Under this...more

Holland & Knight LLP

Venezuela Update: August 18, 2021 (Spanish)

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors. ...more

Holland & Knight LLP

Venezuela Update: August 18, 2021

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors. ...more

Dechert LLP

Russia/Venezuela Sanctions Update: Additional Sanctions Imposed on Rosneft Trading 

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The U.S.Treasury Department’s Office of Foreign Assets Control (“OFAC”) added Rosneft Trading SA (“Rosneft Trading”), a subsidiary of Russian oil major Rosneft Oil Company (“Rosneft”), to the List of Specially Designated...more

Holland & Knight LLP

Actualización de Venezuela: 16 de enero de 2020

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El Equipo de Enfoque de Venezuela de Holland & Knight lo invita a leer nuestra Actualización de Venezuela, en la que discutimos las últimas noticias, tendencias y desarrollos en Venezuela que afectan los intereses de las...more

Holland & Knight LLP

Venezuela Update: January 16, 2020

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors....more

Holland & Knight LLP

Venezuela Update: November 19, 2019

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The U.S. Department of the Treasury on Oct. 21, 2019, renewed for three months a license granted to several U.S. oil companies so that they may continue operating in the country until Jan. 22, 2020. Chevron is the only...more

Dechert LLP

OFAC Clarifies, and Further Complicates, Sanctions on Venezuela, PdVSA

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On February 1, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued guidance in the form of Frequently Asked Questions (“FAQs”) relating to sanctions imposed on January 28, 2019 against...more

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