OFAC issues Venezuela-related General License
May 13, 2024
OFAC on Friday issued Venezuela General License 8N, "Authorizing Transactions Involving PetrĂ³leos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities," which will expire at 12:01 a.m. EST, November 15, 2024.
The new General License replaces and supersedes General License No. 8M it its entirety.