Venezuela General License 10A - Authorizing the Purchase in Venezuela of Refined Petroleum Products from Petróleos de Venezuela, S.A. (PdVSA)

Date issued: Aug. 05 2019

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TURBOFAC Commentary (1593 words)

Notes:

*Note common to certain GLs: This is one of 12 GLs that pre-dated the blocking of the Government of Venezuela, pursuant to EO 13884, and was amended to account for the blocking. Except as otherwise noted, the substance of what the GL authorizes remains unchanged as a result of EO 13884. OFAC did not amend any FAQ dealing primarily with this FAQ as a result of the blocking of the GOV.

1) This GL appears aimed at permitting U.S. persons in Venezuela to purchase fuel from any number of PdVSA owned and/or operated entities in Venezuela. Presumably, one cannot easily operate a car in Venezuela without dealings in PdVSA gas. Without the GL, even Venezuelan dual citizens living in Venezuela would be prohibited from all dealings involving PdVSA.

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