Global Trade Alert
Global Trade Alert

United States of America: Treasury authorises oil transactions with Venezuelan state oil company PdVSA

Announcement

18 Mar 2026

In March 2026, the United States Department of the Treasury issued General License 52, authorising certain oil-related transactions involving the Venezuelan state oil company Petróleos de Venezuela SA.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

18 Mar 2026

Revocation date:

No revocation date

Announced: 18 Mar 2026
Controls on commercial transactions and investment instruments In force

Recent update from 19 Mar 2026:

On 18 March 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 52 (GL52), titled 'Authorising Certain Transactions...

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