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4 clusters · 47 sources · 14 days · First seen 18 days ago · Last updated 4 days ago

U.S. expands and refines sanctions relief for Venezuela

Overview

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has expanded and subsequently refined its sanctions relief for Venezuela, covering the telecommunications, energy, and mining sectors.

Following initial measures for telecommunications infrastructure, OFAC modified eight general licenses to ease restrictions on the oil, gas, petrochemical, and mining industries. In the energy sector, U.S. entities may engage in the extraction, export, and transport of Venezuelan crude and petrochemical products for import into the United States, provided they partner with PDVSA or its affiliates. These licenses also permit the supply of technology and services for energy production and the sale of U.S.-origin diluents, subject to specific international dispute resolution requirements.

Recent updates to the mining sector, specifically through Licenses 51D, 54C, and 55A, have expanded the scope of authorized activities to explicitly include coal and the entity Carbozulia. In September 2026, OFAC issued updated versions of these licenses to replace previous iterations.

General License 51D permits the export, sale, transport, and refining of Venezuelan coal and minerals, such as gold. To maintain oversight, companies must submit reports to the U.S. Departments of State and the Interior every 30 days, following an initial report 10 days after the first contract. General License 54C allows for the provision of necessary goods, technology, software, and services, such as maintenance and insurance, with service providers required to report every 90 days. License 55A permits the negotiation of preliminary agreements or memorandums of understanding for new investments, though actual execution requires further specific OFAC authorization.

Strict controls remain: payments for local taxes and royalties must be directed to specific foreign government deposit funds, and transactions involving Russia, Iran, North Korea, Cuba, or certain Chinese entities remain prohibited.

Entities

Office of Foreign Assets Control · Venezuela · United States Department of the Treasury · U.S. Department of the Treasury · Conatel

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

"Companies operating under License 51D must submit detailed reports to the State and Interior Departments 10 days after the first contract and every 30 days thereafter." comunicacioncontinua.com · talcualdigital.com · yaracuyaldia.com

vs

"Service providers under License 54C must submit reports every 90 days detailing involved parties, volumes, amounts, and taxes paid." comunicacioncontinua.com · talcualdigital.com · elinformadorve.com · yaracuyaldia.com

These claims provide conflicting reporting requirements for companies operating under licenses related to Venezuelan minerals/coal (License 54C vs License 51D) regarding the frequency and timing of 보고

[DISPUTED] Service providers under License 54C must submit reports every 90 days detailing involved parties, volumes, amounts, and taxes paid. comunicacioncontinua.com · talcualdigital.com · elinformadorve.com · yaracuyaldia.com
[DISPUTED] Companies operating under License 51D must submit detailed reports to the State and Interior Departments 10 days after the first contract and every 30 days thereafter. comunicacioncontinua.com · talcualdigital.com · yaracuyaldia.com
[● 11 SOURCES] The Office of Foreign Assets Control (OFAC) issued eight new general licenses for Venezuela. comunicacioncontinua.com · notifalcon.com · www.notitarde.com.ve · talcualdigital.com · economiahoy.digital · +6 more
[● 10 SOURCES] General License 61 authorizes the supply of goods, technology, software, and services for the installation, maintenance, repair, and operation of telecommunications in Venezuela. eldiario.com · monitoreamos.com · nuevodia.com.ve · caraotadigital.net · 2001online.com · +5 more
[● 10 SOURCES] General License 62 allows for the negotiation and signing of contingent contracts for new investments in the telecommunications sector. eldiario.com · monitoreamos.com · caraotadigital.net · 2001online.com · nuevodia.com.ve · +5 more
[● 10 SOURCES] Telecommunications services covered include data, telephony, internet connectivity, radio, television, and news agency transmissions. eldiario.com · monitoreamos.com · nuevodia.com.ve · caraotadigital.net · 2001online.com · +5 more
[● 10 SOURCES] General License 51D authorizes transactions for the export, re-export, sale, purchase, transport, or storage of Venezuelan coal and minerals, including gold. comunicacioncontinua.com · primeraedicioncol.com · talcualdigital.com · elinformadorve.com · noticiasdevzla.com · +5 more
[● 9 SOURCES] The licenses authorize transactions involving the Venezuelan government, including Conatel, Cantv, and Movilnet. monitoreamos.com · caraotadigital.net · 2001online.com · eldiario.com · www.entornointeligente.com · +4 more
[● 9 SOURCES] General License 54C permits the provision of goods, technology, software, or services necessary for mining and coal exploration, extraction, and processing in Venezuela. comunicacioncontinua.com · primeraedicioncol.com · talcualdigital.com · elinformadorve.com · www.notitarde.com.ve · +4 more
[● 8 SOURCES] General License 55A allows for the negotiation and signing of preliminary agreements or memorandums of understanding for new investments or alliances, subject to further specific authorization. comunicacioncontinua.com · primeraedicioncol.com · talcualdigital.com · elinformadorve.com · www.notitarde.com.ve · +3 more

Timeline

4 days ago

[INTERNATIONAL] 17 sources
US OFAC updates licenses for Venezuela mining and coal sectors
The US Treasury's OFAC has issued new licenses (51D, 54C, 55A) allowing expanded US involvement in Venezuela's gold, mineral, and coal sectors under strict reporting and geopolitical restrictions.
10 days ago

[BUSINESS] 16 sources
OFAC eases Venezuela sanctions for oil, mining, and telecom sectors
OFAC has modified eight general licenses to ease U.S. sanctions on Venezuela, authorizing expanded operations in the oil, gas, mining, and telecommunications sectors while maintaining strict financial oversight
16 days ago

[INTERNATIONAL] 27 sources
OFAC issues new telecommunications licenses for Venezuela
OFAC has issued General Licenses 61 and 62, authorizing U.S. companies to provide telecommunications goods, services, and new investment contracts to Venezuelan entities like Cantv and Conatel.
18 days ago

[INTERNATIONAL] 2 sources
U.S. authorizes Venezuelan telecom operations as Argentina restricts foreign state control in rail bids
The U.S. authorized telecom transactions with Venezuelan state entities under specific restrictions, while Argentina barred foreign state-controlled companies from bidding on the Belgrano Cargas railway.

Sources

2001online.com · allegrini.it · arepatecnologica.com · cablenoticias.tv · caraotadigital.net · colombia.com · comunicacioncontinua.com · diarioellibertador.com.ar · diarionoticias.do · diarioriente.com · diariovea.com.ve · dirigentesdigital.com · economiahoy.digital · eldiario.com · elfinanciero.net · elinformadorve.com · entornointeligente.com · espiganoticias.net · fintechvenezuelaguia.com.ve · kajgana.com · lajornadasanluis.com.mx · laverdad.com · mediodigitalrd.com · moncloa.com · monitoreamos.com · mundour.com · n.com.do · notiapure.com.ve · noticia.do · noticialibre.com · noticiasdevzla.com · notifalcon.com · notitarde.com.ve · nuevodia.com.ve · orinocotribune.com · precision.com.do · primeraedicioncol.com · primeronoticias.com.co · radioondaazul.com · rdnvenezuela.com · regeneracion.mx · riotimesonline.com · rnv.gob.ve · talcualdigital.com · tn.com.ar · ultimasnoticias.com.ve · yaracuyaldia.com

This summary has been updated 6 times: see revision history