By Maya Lester QC & Michael O’Kane

OFAC issues Venezuela general license authorising some PdVSA transactions

OFAC has issued General License 7A, which extends the expiration date of its previous version. The license relates to PDV Holding and CITGO Holding, and provides authorisation for them to “engage in all transactions and activities prohibited by Executive Order 13850 that are ordinarily incident and necessary to the purchase and importation of petroleum and petroleum products from PdVSA” and...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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