Venezuela General License 46B - Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products (March 13, 2026)

Date issued: Mar. 13 2026

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TURBOFAC Commentary (2004 words)

Notes:

[2-11-26 update - OFAC issued GL 46A to insert "excluding payments for local taxes, permits, or fees" in paragraph (a)(2), and see guidance at FAQ # 1237.

3-13-26 update - OFAC issued GL 46B to expand the GL to cover "Venezuelan-origin petrochemical products for importation into the United States". Note that the authorization for “petrochemical products” is narrower than the authorization for “oil” (which includes petroleum products) insofar as the petrochemical products authorization applies to “importation into the United States” only, rather direct export to third countries or re-export to third countries from the U.S.]

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*This is one of several Venezuelan energy sector-related GLs issued since the U.S. military operation resulting in the capture of Nicolás Maduro. See Venezuela General License 46A, Venezuela General License 47,...