WASHINGTON - The United States Office of Foreign Assets Control (OFAC) has issued a new license allowing certain transactions related to the export or re-export of liquefied petroleum gas (LPG) to Venezuela until July 8, 2025. However, this license excludes PdVSA. 

Transactions with companies in which Petróleos de Venezuela, S.A., or any entity in which PdVSA has a fifty percent or greater interest, remain prohibited under the sanctions imposed by various executive orders. These sanctions are part of the Venezuela Sanctions Regulations. 

The previous general license, which permitted transactions related to oil or gas sector operations in Venezuela, expired on April 18. The United States concluded that Nicolas Maduro and his representatives have not fully met the obligations outlined in the electoral roadmap signed with the opposition in Barbados in October 2023.