How Four OFAC Licenses Systematically Reopened Venezuela's Oil Industry
Between January 29 and February 10, 2026, four coordinated OFAC general licenses systematically rebuilt Venezuela's oil value chain, from production to export logistics. What each license authorizes and how they fit together.
The January 29 Convergence: GL 46 and Venezuela's Hydrocarbon Reform
Venezuela's energy sector was reshaped on January 29, 2026, when OFAC issued General License 46 and the National Assembly approved a sweeping reform to the Organic Law on Hydrocarbons. What the two instruments mean for foreign investors.