LICENSE NO. VENEZUELA-EO13850-2019-360364-12

Date issued: Mar. 04 2026

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TURBOFAC Commentary (153 words)

Notes:

1) See earlier iterations of this SL at LICENSE No. VENEZUELA-EO13850-2019-360364-1 and LICENSE No. VENEZUELA-EO13850-2019-360364-5, 6, 7. Monomeros Colombo Venezolanos, S.A. is a Colombian fertilizer company owned by Petroquímica de Venezuela S.A. (Pequiven), which was at the time that the license was issued was, and is, in turn, owned by the Government of Venezuela's Ministry of Petroleum.

2) This SL is substantively identical to the 7th iteration, except it has the addition of the condition that “Any monetary payment to a blocked person, excluding payments for local taxes, permits, or fees, should be made into the Foreign Government Deposit Funds (the U.S.- managed "Treasury account" for Venezuela), or via another method that is consistent with any new and applicable regulations.” A version of this condition appears in most Venezuela-related GLs issued as of the...