OFAC Issues Venezuela General Licenses Authorizing Certain Oil-Related Activities By Christopher R. Wall, Stephan E. Becker, Aaron R. Hutman, Matthew R. Rabinowitz, Zachary C. Rozen, Samantha Franks, Erin Kwiatkowski, Marcus Burden & Daniel Steinfeld on February 9, 2026 Following the removal of Venezuelan President Nicolás Maduro on January 3, 2026, the Trump administration has taken actions to expand Venezuela-related oil trade and investment opportunities, primarily for U.S. companies. Continue reading →