US Adds Methanol to Venezuela Trade Licences
- The United States revised three Venezuela sanctions licences to add methanol to the petrochemical products covered by certain oil trade, supply, and investment activities.
- The Treasury Department’s Office of Foreign Assets Control issued General Licences 46E, 48D, and 49B as replacements for earlier versions.
- The amendments largely preserve existing permissions and restrictions and do not broadly remove sanctions against Venezuela.
- The revised documents do not announce commercial shipments, investments, expected trade volumes, or any specific methanol cargo involving India.
25 Articles
25 Articles
Devdiscourse
US adds methanol to Venezuela trade licences
The United States revised three Venezuela sanctions licences to explicitly name methanol among permitted petrochemical products. While maintaining existing restrictions and exclusion policies, the updates clarify trade, supply, and preliminary investment terms without lifting overall sanctions.
US Updates Venezuela Energy Licenses as Electricity Issues Threaten Recovery
Caracas (OrinocoTribune.com)—On Monday, the US Treasury Department updated three OFAC licenses covering Venezuela’s oil, petrochemical, and electricity sectors on Monday, retaining Washington’s control over transactions while permitting selected activities under the US economic blockade. General Licenses 46E, 48D, and 49B replace earlier versions. Comparing the documents shows that electricity-related permissions already existed. Methanol has be…
US adds methanol to Venezuela trade licences - The Tribune
The United States revised three Venezuela sanctions licences to explicitly name methanol among permitted petrochemical products. While maintaining existing restrictions and exclusion policies, the updates clarify trade, supply, and preliminary investment terms without lifting overall sanctions.
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department issued on Monday three updated general licenses related to Venezuela, which authorize certain activities with petroleum and petrochemical products of Venezuelan origin, the supply of goods and services, and the negotiation of contingent contracts for investments in the energy sector. [...]
46E, 48D and 49B licenses expand the margin for trading crude, carrying equipment, and negotiating investments in oil and electricity. But no new investment can start without a case-by-case permit from Washington, and the money continues to go through accounts controlled by the Treasury.
Through two general licenses, he authorized five major international oil companies to resume operations in the Caribbean country without being reached by sanctions.The US entry relaxed sanctions to facilitate investments in <font color="#0ac600">Venezuela</font> appears first on NODAL.
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