OFAC Renews Venezuela-Related General License
The Office of Foreign Assets Control last week renewed a general license authorizing transactions between certain companies and Petroleos de Venezuela S.A. General License No. 8J, which replaces No. 8I (see 2111290007), authorizes transactions between PdVSA and Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International, with certain restrictions, through 12:01 a.m. EDT Dec. 1, 2022. The license was scheduled to expire June. 1.