OFAC renews Venezuela General Licence for 5 US oil & gas companies

OFAC has issued General Licence 8G, which replaces and supersedes GL 8F in its entirety, and extends the expiry of the general licence to 3 June 2021. It authorises 5 American oil and gas companies to conduct oil-related transactions and activities incident and necessary to the wind-down of operations, and to the limited maintenance of essential operations in Venezuela that …

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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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