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Slight clarification to Thursday’s OFAC Venezuela changes

Mr. Watchlist needs to learn how to read the OFAC notices better… the expiration dates for the 3 update General Licenses had, in fact, not changed (they all expire in late July). All 3 licenses were updated to clarify that diluents (chemicals which can be used to dilute heavy crude oil traveling through pipelines so it is less viscous and therefore flows more freely) are not authorized under the licenses.

BTW, Mr. Watchlist’s beef with the apparent error in General License 7 (where a clause that appears to have expired is still in the License) still stands…

Sorry about that – was trying to get out of town for the weekend. Not an excuse, but an explanation…

Categories: Licenses OFAC Updates Venezuela sanctions


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