Venezuela General License 50B - Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain Entities (June 10, 2026)

Date issued: Jun. 10 2026

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TURBOFAC Commentary (396 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. Also added Note 2 to Paragraph (a) to clarify that a contract governing by U.S. law can “recognize that certain aspects of the underlying activity” may be governed by Venezuelan law.]

1) *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