• Expires OFAC license that allowed foreign contractors to work in Venezuela #9May - El Impulso

10-05-25.-The U.S. Treasury Department, through its Office of Foreign Assets (OFAC), reported that General License 80, which allowed oil contractors to operate in Venezuela, despite the sanctions imposed from Washington, expired on Friday.

Companies such as Halliburton, Schlumberger Limited or Baker Hughes had an OFAC license to maintain limited operations with Pdvsa. On May 27, another series of foreign oil companies such as Chevron, Repsol, Eni or Reliance Industries will have to complete their transactions with the Venezuelan state, at the risk of being sanctioned by the Trump administration.The entry Expires OFAC license that allowed foreign contractors to work in Venezuela #9…