Frequently Asked Questions

1226. Does "Venezuelan-origin oil" as referenced in Venezuela General License (GL) 46, "Authorizing Certain Activities Involving Venezuelan-Origin Oil," include petroleum products?

Yes. Consistent with the term "Venezuelan oil" as defined in section 5(a) of Executive Order 14245 , "Imposing Tariffs on Countries Importing Venezuelan Oil," the term "Venezuelan-origin oil" means crude oil or petroleum products extracted, refined, or exported from Venezuela, regardless of the… Read more

1234. How does a financial institution verify a transaction is compliant with Venezuela General License (GL) 46?

In connection with its normal due diligence, a financial institution may rely on the statements of its customer that the transaction is consistent with the terms of GL 46 , unless it knows or has reason to know …

1236. How does Venezuela General License (GL) 30B differ from Venezuela GL 30A?

On February 10, 2026 OFAC issued Venezuela GL 30B , “Authorizing Certain Transactions Necessary to Port and Airport Operations,” which removes the prohibition in GL 30A regarding transactions or activities related to the exportation or reexportation of diluents to Venezuela. Transactions… Read more

1237. Do Venezuela General Licenses (GLs) 46A and 48 allow for the payments of certain local taxes, permits, and fees in support of authorized transactions involving Venezuela’s oil or gas sectors?

Yes. Consistent with other authorizations issued by OFAC pursuant to the Venezuela Sanctions Regulations (VSR), GLs 46A and 48 authorize routine payments of local taxes, permits, and fees to the Government of Venezuela (GOV) or its instrumentalities. However, other payments, including royalties,… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence