Venezuela General License 48A - Authorizing the Supply of Certain Items and Services to Venezuela (March 13, 2026)

Date issued: Mar. 13 2026

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TURBOFAC Commentary (320 words)

Notes:

*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 U.S. person of goods, technology, software, or services for the exploration, development, or production of oil or gas in Venezuela,” subject to make of the same conditions and under a similar structure as the other two GLs. The interpretive note to paragraph (a), which serves as an implicit interpretation of the term “ordinarily incident and necessary to”...