US issues general licence authorising sale of Venezuelan oil – Venezuela signs Bill to open oil sector to foreign investments

30 January 2026

US issues general licence authorising sale of Venezuelan oil – Venezuela signs Bill to open oil sector to foreign investmentsJim Lambert/Shutterstock.com

The US has issued Venezuela General Licence 46, which authorises transactions involving Venezuelan-origin oil. The licence authorises all transactions including those involving the Venezuela state-owned oil company, PdVSA. The transactions will be authorised so...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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