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OFAC Venezuela-related General Licence authorising certain transactions with PdVSA
OFAC has published General Licence 8D which authorises 5 American oil and gas corporations (Chevron, Halliburton, Schlumberger Ltd, Baker Hughes, and Weatherford International) to conduct transactions and activities ordinarily incident and necessary to the maintenance of operations and contracts in Venezuela involving PdVSA. 8D replaces and supersedes 8C, and extends the expiry of the licence until 22 January 2020.
Venezuela
United StatesAbout 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...