OFAC Issues Amended Venezuela General Licenses 46E, 48D, and 49B

What's on the official record

28 September — three amended Venezuela general licenses.

On 28 September 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued three amended general licenses under the Venezuela-related Sanctions program:

Venezuela-related General License 46E, "Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products;"
Venezuela-related General License 48D, "Authorizing the Supply of Certain Items and Services to Venezuela;"
Venezuela-related General License 49B, "Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in Venezuela."

The page cites no Executive Order for this action.

Assessment

For a sanctions or trade-finance committee, the record lists three amended Venezuela-related general licenses whose operative scope and conditions sit in the linked license PDFs. The committee can check each license's authorization text against its own Venezuela exposure before deciding whether to bank, enhance diligence, or hold a transaction. The page names no designated or removed parties.

For an owner or operating executive, the record shows OFAC amended three Venezuela-related general licenses covering Venezuelan-origin oil and petrochemicals, the supply of certain items and services to Venezuela, and contingent contracts for certain investment in Venezuela. The executive can check the linked license PDFs to confirm whether a planned activity falls within an authorization before a buyer or lender checks.

What would change this call

The linked General License PDFs for 46E, 48D, and 49B stating operative conditions, expiration dates, or scope limits beyond the titles on the recent-actions page. A subsequent OFAC action amending or revoking any of the three licenses.

What to check next

Check	Why
Venezuela-related General License 46E PDF	Confirm the authorized activities involving Venezuelan-origin oil or petrochemical products and any conditions or expiration.
Venezuela-related General License 48D PDF	Confirm the items and services authorized for supply to Venezuela and any conditions or expiration.
Venezuela-related General License 49B PDF	Confirm the scope of authorized negotiations and contingent contracts for certain investment in Venezuela.

Confidence

Filed 25 October 2026 from the record dated 28 September 2026. The operative scope and conditions of each license sit in the linked General License PDFs, which this note does not restate.

Sources

[1] OFAC Recent Actions, "Issuance of Amended Venezuela General Licenses", 28 September 2026, https://ofac.treasury.gov/recent-actions/20260928