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.

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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