Venezuela General License 48B - Authorizing the Supply of Certain Items and Services to Venezuela (June 10, 2026)

Date issued: Jun. 10 2026

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TURBOFAC Commentary (373 words)

Notes:

[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 resolution may occur in the UK, France or Singapore. See FAQ # 1260]

*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, Venezuela General License 48, Venezuela General License 49 and Venezuela General License 50.

1) Compare Venezuela General License 46 (oil trading) and Venezuela General License 47 (diluents). This GL authorizes “provision from the United States or by a...