By Maya Lester QC & Michael O’Kane

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 …

VenezuelaVenezuela United StatesUnited States

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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