The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has issued General License 47, authorizing the sale of U.S.-origin diluents to Venezuela. The license, released on February 3, 2026, is part of OFAC’s recent actions under its sanctions programs. It permits transactions involving diluents, which are substances used to reduce the concentration of hydrocarbons, subject to specific conditions. The measure aims to address Venezuela’s energy sector while maintaining compliance with U.S. sanctions regulations. OFAC emphasized that the license does not authorize activities involving sanctioned entities or individuals. The update is available on OFAC’s recent actions page, alongside other sanctions-related announcements.
https://ofac.treasury.gov/recent-actions/20260203
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.