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Venezuela General License No. 46D
U.S. Department of the Treasury, Office of Foreign Assets Control · 2026-08-27
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DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR part 591
GENERAL LICENSE NO. 46D
Authorizing Certain Activities Involving
Venezuelan-Origin Oil or Petrochemical Products
(a) Except as provided in paragraph (b) of this general license, all transactions prohibited
by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving
the Government of Venezuela, Petróleos de Venezuela, S.A. (PdVSA), or any entity in which
PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, “PdVSA
Entities”), that are ordinarily incident and necessary to the lifting, exportation, reexportation,
sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelan-
origin oil, including the refining of such oil, or of Venezuelan-origin petrochemical products for
importation into the United States, by an established U.S. entity are authorized, provided that:
(1) Any contract for such transactions with the Government of Venezuela, PdVSA, or
PdVSA Entities shall require that dispute resolution proceedings relating to the contract occur in
the United States, the United Kingdom, France, or Singapore; and
(2) Any monetary payment to a blocked person, excluding payments for local taxes,
permits, or fees, is made into the Foreign Government Deposit Funds, as specified in Executive
Order 14373 of January 9, 2026, or any other account as instructed by the U.S. Department of
the Treasury.
Note 1 to Paragraph (a). For purposes of this general license, the term “established
U.S. entity” means any entity organized under the laws of the United States or any jurisdiction
within the United States on or before January 29, 2025.
Note 2 to Paragraph (a). Transactions authorized by paragraph (a) include arranging
shipping and logistics services, including chartering vessels, obtaining marine insurance and
protection and indemnity (P&I) coverage, and arranging port and terminal services, including
with port authorities or terminal operators that are part of the Government of Venezuela.
Paragraph (a) also authorizes commercially reasonable payments in the form of swaps of crude
oil, diluents, or refined petroleum products.
Note 3 to Paragraph (a). For purposes of this general license, the term “petrochemical
products” includes fertilizer products and fertilizer precursor chemicals, including the chemicals
listed in the Annex of this general license.
(b) This general license does not authorize:
(1) Payment terms that are not commercially reasonable, involve debt swaps or payments
in gold, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on
behalf of the Government of Venezuela, including the petro;
(2) Any transaction involving a person located in or organized under the laws of the
Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea,
the Republic of Cuba, or any entity that is owned or controlled, directly or indirectly, by or in a
joint venture with such persons;
(3) Any transaction involving an entity located in or organized under the laws of
Venezuela or the United States that is owned or controlled, directly or indirectly, by or in a joint
venture with a person located in or organized under the laws of the People’s Republic of China;
(4) The unblocking of any property blocked pursuant to the VSR; or
(5) Any transaction involving a blocked vessel.
(c) Any person that exports, reexports, sells, resells, or supplies Venezuelan-origin oil to
countries other than the United States pursuant to this general license must provide a detailed
report to Sanctions_inbox@state.gov and VZReporting@doe.gov that identifies, for each of
these transactions:
(1) The parties involved;
(2) The quantities, values, and countries of ultimate destination;
(3) The dates the transactions occurred; and
(4) Any taxes, fees, or other payments provided to the Government of Venezuela.
(d) Reports described in paragraph (c) are due ten days after the execution of the first of
such transactions and every 90 days thereafter while such transactions are ongoing.
(e) Effective August 27, 2026, General License No. 46C, dated June 10, 2026, is replaced
and superseded in its entirety by this General License No. 46D.
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Note to General License No. 46D. Nothing in this general license relieves any person
from compliance with the requirements of other Federal agencies, including the Department of
Commerce’s Bureau of Industry and Security.
Bradley T. SmithDigitally signed by Bradley T. Smith
__________________________
Date: 2026.08.27 08:33:53 -04'00'
Bradley T. Smith
Director
Office of Foreign Assets Control
Dated: August 27, 2026
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Annex to General License 46D
Chemicals that fall within the scope of the term “petrochemical products” include the following:
Chemical name HS code
Sulfur 2503000010
Sulfur 2503000090
Phosphate Rock 2510100000
Phosphate Rock 2510200000
Sulfuric Acid 2807000000
Phosphoric Acid, fertilizer-grade, containing less than 65 percent 2809200010
available
Phosphoric Acid, other 2809200020
Anhydrous Ammonia 2814100000
Aqua Ammonia 2814200000
Potassium Nitrate 2834210000
Calcium Nitrate 2834291000
Potassium Phosphate 2835240000
Dicalcium Phosphates 2835250000
Other Phosphates of Calcium 2835260000
Urea (Solid) 3102100000
Urea (Solid) 3102100010
Diesel Exhaust Fluid 3102100030
Other Urea 3102100050
Ammonium Sulfate 3102210000
Other Nitrogen Fert 3102290000
Ammonium Nitrate 3102300000
Ammonia Nitrate 3102400000
Sodium Nitrate 3102500000
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Other Nitrogen Fert 3102600000
Mixtures of urea and ammonium nitrate in aqueous or ammoniacal 3102800000
solution
Other Nitrogen Fert 3102900100
Concentrated Super 3103110000
Normal Super 3103190000
Other Phosphate Fert 3103900100
Potassium Muriate 3104200000
Potassium Muriate <= 62% Oxide 3104200010
Potassium Muriate >62% Oxide 3104200050
Potassium Sulfate 3104300000
Other Potassium Fert 3104900100
Chemical Mixtures 3105100000
Chemical Mixtures 3105200000
Diammonium Phosphate 3105300000
Monoammonium Phosphate & Other 3105400000
Monoammonium Phosphate & Other 3105400010
Monoammonium Phosphate & Other 3105400050
Chemical Mixtures 3105510000
Chemical Mixtures 3105590000
Chemical Mixtures 3105600000
Potassium Sodium Nitrate 3105900010
Other Mixtures 3105900050
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