Venezuela General License 46C - Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products (June 10, 2026)

Date issued: Jun. 10 2026

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TURBOFAC Commentary (2057 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.]

[6-10-26 update – GL 46C, 47A, 48B, 50B, 51B, 52A, and 54A issued to amend the “governing law and dispute resolution” provision to specify the governing law can be state or other jurisdiction within the United States and that dispute...