US EditionTreasury Department Says Non-u.s. Companies Can Participate in Oil and Mining Transactions with Venezuela · Global Voices
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The U.S. Treasury Department confirmed through the "Frequent Question 1247" that non-U.S. companies will be able to operate with Venezuelan oil, petrochemicals and minerals without risking sanctions, provided they meet the conditions set by the U.S. country. It was also clarified under what conditions these companies and non-U.S. individuals can engage in oil, petrochemical and mining operations with the South American country.
The U.S. Department of the Treasury published on Tuesday a clarification of enormous scope for the Venezuelan energy and mining sector: non-U.S. companies will be able to operate with oil, petrochemicals and minerals of Venezuelan origin without being exposed to sanctions, provided that they strictly comply with the conditions set out in General Licenses 46B, 51A and 52. The measure does not imply a lifting of sanctions, but it does constitute t…
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