Venezuela General License 50A - Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain Entities

Date issued: Feb. 18 2026

Last substantive commentary amendment:
Mar. 10 2026

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TURBOFAC Commentary (312 words)

Notes:

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 Venezuela General License 50.

2) On February 13, 2026, OFAC issued Venezuela General License 49 Venezuela General License 50, “ which authorize “all transactions… that are related to oil or gas sector operations in Venezuela” for certain listed entities that appear on the Annex to GL 50, and for all others, “all transactions… related to the negotiation of and entry into contingent contracts for new investment in oil or gas sector operations” (Gl 49). GL 50 features carveouts that are similar to the ones that...