https://venezuelarulebook.com/ Every change in Venezuela's oil rules, control and money, labelled official or reported, with sources.en https://venezuelarulebook.com/about#corrections2026-10-04|Sources: 44 citations to publishers outside the sourcing rules (regional news sites, reprints, trade press, wi…Sun, 04 Oct 2026 12:00:00 GMTCorrectionSources: 44 citations to publishers outside the sourcing rules (regional news sites, reprints, trade press, wikis) were replaced with official documents or the wire original. Claims that only those publishers supported were removed or reworded. https://venezuelarulebook.com/about#corrections2026-10-04|Exports, August 2026: total corrected from 1,190 to 1,170 kb/d to match Reuters' report; an August Chevron fig…Sun, 04 Oct 2026 12:00:00 GMTCorrectionExports, August 2026: total corrected from 1,190 to 1,170 kb/d to match Reuters' report; an August Chevron figure not stated in that report was removed. https://venezuelarulebook.com/about#corrections2026-10-04|Home page: the “Latest change in control” box showed a US Senate letter but labelled it as the White House fac…Sun, 04 Oct 2026 12:00:00 GMTCorrectionHome page: the “Latest change in control” box showed a US Senate letter but labelled it as the White House fact sheet. It now shows the White House fact sheet of 31 August 2026. https://venezuelarulebook.com/about#corrections2026-10-04|Brief on GL 5Z: the summary described the PDVSA 2020 bond as “secured by CITGO shares”. Reworded to follow OFA…Sun, 04 Oct 2026 12:00:00 GMTCorrectionBrief on GL 5Z: the summary described the PDVSA 2020 bond as “secured by CITGO shares”. Reworded to follow OFAC's own wording: transactions in CITGO shares “in connection with” the bond. https://venezuelarulebook.com/about#corrections2026-10-04|Licence register and oil money, found by an independent check on the day of publication: GL 49B said entry int…Sun, 04 Oct 2026 12:00:00 GMTCorrectionLicence register and oil money, found by an independent check on the day of publication: GL 49B said entry into contracts needed separate OFAC authorization (only performance does); GL 52C paragraph (c) was described more broadly than its text (it covers executing and signing documents only); GL 47A's Note 2 was misdescribed; GL 49B's added methanol listing was missing; EO 14373 was said to require reports to Congress (it authorizes them). All corrected. https://venezuelarulebook.com/oil/brief/gl-5z-pdvsa-2020-bond2026-10-04|Brief: PDVSA 2020 bond: US licence takes effect 5 November 2026 unless delayed again (GL 5Z)Sun, 04 Oct 2026 12:00:00 GMTBriefOFAC's General License 5Z authorises dealings in the PDVSA 2020 8.5% bond from 5 November 2026; until then, selling or transferring CITGO shares in connection with the bond needs a specific OFAC licence. GL 5Z is the 26th licence in the series to set a later date. https://venezuelarulebook.com/about#corrections2026-10-03|Production, August 2026: an OPEC estimate (1,145 kb/d) taken from a secondary news site and a 1.23 mb/d produc…Sat, 03 Oct 2026 12:00:00 GMTCorrectionProduction, August 2026: an OPEC estimate (1,145 kb/d) taken from a secondary news site and a 1.23 mb/d production claim sourced from a non-qualifying site were removed. August will be shown from OPEC's own report. https://venezuelarulebook.com/oil/tracker2026-09-30|Senate Foreign Relations ranking members ask Rubio, Hegseth and Wright for the full NABEP agreement and question the legal basis for a US equity stake in a private oil companyWed, 30 Sep 2026 12:00:00 GMTControlSenate Foreign Relations ranking members ask Rubio, Hegseth and Wright for the full NABEP agreement and question the legal basis for a US equity stake in a private oil company https://venezuelarulebook.com/oil/rules#money2026-09-28|Oil money: OFAC GL 46E: payments to blocked persons (except local taxes, permits, fees) into the Deposit Funds.Mon, 28 Sep 2026 12:00:00 GMTMoneyOFAC GL 46E: payments to blocked persons (except local taxes, permits, fees) into the Deposit Funds. https://venezuelarulebook.com/oil/rules#gl-49b2026-09-28|OFAC issues General License 49B: Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in VenezuelaMon, 28 Sep 2026 12:00:00 GMTRulesCurrent version. Any person (no named-party restriction); covers dealings with the Government of Venezuela, PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest https://venezuelarulebook.com/oil/rules#gl-48d2026-09-28|OFAC issues General License 48D: Authorizing the Supply of Certain Items and Services to VenezuelaMon, 28 Sep 2026 12:00:00 GMTRulesCurrent version. Provision “from the United States or by a U.S. person”; covers transactions involving the Government of Venezuela, PdVSA and PdVSA Entities https://venezuelarulebook.com/oil/rules#gl-46e2026-09-28|OFAC issues General License 46E: Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical ProductsMon, 28 Sep 2026 12:00:00 GMTRulesCurrent version. An “established U.S. entity”: any entity organized under the laws of the United States or any US jurisdiction on or before 29 January 2025 (Note 1 to para. (a)). https://venezuelarulebook.com/oil/tracker2026-09-21|Halliburton: Agreements with Eneva and WESCA for field evaluation and development planningMon, 21 Sep 2026 12:00:00 GMTControlHalliburton: Agreements with Eneva and WESCA for field evaluation and development planning https://venezuelarulebook.com/oil/rules#gl-5z2026-09-16|OFAC issues General License 5Z: Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 5, 2026Wed, 16 Sep 2026 12:00:00 GMTRulesCurrent version. Any person https://venezuelarulebook.com/oil/rules#gl-52c2026-09-14|OFAC issues General License 52C: Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A.Mon, 14 Sep 2026 12:00:00 GMTRulesCurrent version. Any “established U.S. entity”: an entity organized under the laws of the United States or any U.S. jurisdiction on or before January 29, 2025 https://venezuelarulebook.com/oil/tracker2026-09-01|China's Foreign Ministry, asked about NABEP taking over fields from Chinese firms, says China's lawful rights and interests in Venezuela must be protectedTue, 01 Sep 2026 12:00:00 GMTControlChina's Foreign Ministry, asked about NABEP taking over fields from Chinese firms, says China's lawful rights and interests in Venezuela must be protected https://venezuelarulebook.com/oil/tracker2026-09-01|National Assembly approves an accord backing the Venezuela–US energy convention; the agreement text had not been formally submittedTue, 01 Sep 2026 12:00:00 GMTControlNational Assembly approves an accord backing the Venezuela–US energy convention; the agreement text had not been formally submitted https://venezuelarulebook.com/oil/rules#money2026-08-31|Oil money: White House fact sheet: NABEP expected to pay $200 billion in royalties and taxes over 25 years.Mon, 31 Aug 2026 12:00:00 GMTMoneyWhite House fact sheet: NABEP expected to pay $200 billion in royalties and taxes over 25 years. https://venezuelarulebook.com/oil/tracker2026-08-31|NABEP: over 200,000 b/d today, up to $100 bn investment, target over 1 million b/dMon, 31 Aug 2026 12:00:00 GMTControlNABEP: over 200,000 b/d today, up to $100 bn investment, target over 1 million b/d https://venezuelarulebook.com/oil/tracker2026-08-31|White House: NABEP holds 100-year concessions over 17 fields (65 bn bbl); US Office of Strategic Capital takes 35% of its parent; State Department may buy 20% of output at costMon, 31 Aug 2026 12:00:00 GMTControlWhite House: NABEP holds 100-year concessions over 17 fields (65 bn bbl); US Office of Strategic Capital takes 35% of its parent; State Department may buy 20% of output at cost https://venezuelarulebook.com/oil/tracker2026-08-31|Reuters: NABEP gets 14 new projects, 17 in total, several previously run by Chinese and Russian firmsMon, 31 Aug 2026 12:00:00 GMTControlReuters: NABEP gets 14 new projects, 17 in total, several previously run by Chinese and Russian firms https://venezuelarulebook.com/oil/tracker2026-08-29|Acting President Delcy Rodríguez: 25-year agreement covering 17 strategic fields plus 8 Orinoco blocks; about $19/bbl to VenezuelaSat, 29 Aug 2026 12:00:00 GMTControlActing President Delcy Rodríguez: 25-year agreement covering 17 strategic fields plus 8 Orinoco blocks; about $19/bbl to Venezuela https://venezuelarulebook.com/oil/rules#money2026-08-27|Oil money: OFAC GL 50C: oil and gas taxes and royalties must be paid into the Deposit Funds.Thu, 27 Aug 2026 12:00:00 GMTMoneyOFAC GL 50C: oil and gas taxes and royalties must be paid into the Deposit Funds. https://venezuelarulebook.com/oil/rules#gl-52c2026-08-27|OFAC issues General License 52B: Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A.Thu, 27 Aug 2026 12:00:00 GMTRulesEarlier version of GL 52C. https://venezuelarulebook.com/oil/rules#gl-50c2026-08-27|OFAC issues General License 50C: Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain EntitiesThu, 27 Aug 2026 12:00:00 GMTRulesCurrent version. The entities listed in the licence Annex: BP PLC; Chevron Corporation; Eni S.p.A.; Établissements Maurel & Prom SA; Repsol S.A.; Shell PLC https://venezuelarulebook.com/oil/rules#gl-48d2026-08-27|OFAC issues General License 48C: Authorizing the Supply of Certain Items and Services to VenezuelaThu, 27 Aug 2026 12:00:00 GMTRulesEarlier version of GL 48D. https://venezuelarulebook.com/oil/rules#gl-47b2026-08-27|OFAC issues General License 47B: Authorizing the Sale of U.S.-Origin Diluents to VenezuelaThu, 27 Aug 2026 12:00:00 GMTRulesCurrent version. Any person (no restriction on who may act; covers transactions involving the Government of Venezuela, PdVSA and entities PdVSA owns 50% or more of) https://venezuelarulebook.com/oil/rules#gl-46e2026-08-27|OFAC issues General License 46D: Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical ProductsThu, 27 Aug 2026 12:00:00 GMTRulesEarlier version of GL 46E. https://venezuelarulebook.com/oil/tracker2026-08-19|Reuters: Harry Sargeant III sold Bluwaves Properties, which held a minority stake in NABEP, for $300 million in early AugustWed, 19 Aug 2026 12:00:00 GMTControlReuters: Harry Sargeant III sold Bluwaves Properties, which held a minority stake in NABEP, for $300 million in early August https://venezuelarulebook.com/oil/tracker2026-08-18|OFAC adds Bluwaves Properties Limited (BVI) to the SDN list under the Venezuela programTue, 18 Aug 2026 12:00:00 GMTRulesOFAC adds Bluwaves Properties Limited (BVI) to the SDN list under the Venezuela program https://venezuelarulebook.com/oil/tracker2026-08-05|Helmerich & Payne: Ongoing discussions on re-entering VenezuelaWed, 05 Aug 2026 12:00:00 GMTControlHelmerich & Payne: Ongoing discussions on re-entering Venezuela https://venezuelarulebook.com/oil/rules#money2026-08-04|Oil money: House Oversight Ranking Member Garcia writes to Treasury, State and Energy seeking an accounting.Tue, 04 Aug 2026 12:00:00 GMTMoneyHouse Oversight Ranking Member Garcia writes to Treasury, State and Energy seeking an accounting. https://venezuelarulebook.com/oil/rules#gl-5z2026-08-03|OFAC issues General License 5Y: Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 5, 2026Mon, 03 Aug 2026 12:00:00 GMTRulesEarlier version of GL 5Z. https://venezuelarulebook.com/oil/rules#money2026-07-27|Oil money: President Trump says the US has taken in more than $13 billion (as cited by Congress).Mon, 27 Jul 2026 12:00:00 GMTMoneyPresident Trump says the US has taken in more than $13 billion (as cited by Congress). https://venezuelarulebook.com/oil/tracker2026-07-22|Weatherford: Expects Venezuela to contribute to revenue in 2027; still has assets in the country and is adding staffWed, 22 Jul 2026 12:00:00 GMTControlWeatherford: Expects Venezuela to contribute to revenue in 2027; still has assets in the country and is adding staff https://venezuelarulebook.com/oil/rules#money2026-07-17|Oil money: OFAC FAQ 1263: GL 60 earthquake-relief payments exempt from the Deposit Funds requirement.Fri, 17 Jul 2026 12:00:00 GMTMoneyOFAC FAQ 1263: GL 60 earthquake-relief payments exempt from the Deposit Funds requirement. https://venezuelarulebook.com/oil/rules#gl-5z2026-06-18|OFAC issues General License 5X: Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 5, 2026Thu, 18 Jun 2026 12:00:00 GMTRulesEarlier version of GL 5Z. https://venezuelarulebook.com/oil/tracker2026-06-10|SLB: Long-term framework agreement with PDVSA on technology and workforceWed, 10 Jun 2026 12:00:00 GMTControlSLB: Long-term framework agreement with PDVSA on technology and workforce https://venezuelarulebook.com/oil/rules#gl-52c2026-06-10|OFAC issues General License 52A: Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A.Wed, 10 Jun 2026 12:00:00 GMTRulesEarlier version of GL 52C. https://venezuelarulebook.com/oil/rules#gl-50c2026-06-10|OFAC issues General License 50B: Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain EntitiesWed, 10 Jun 2026 12:00:00 GMTRulesEarlier version of GL 50C. https://venezuelarulebook.com/oil/rules#gl-48d2026-06-10|OFAC issues General License 48B: Authorizing the Supply of Certain Items and Services to VenezuelaWed, 10 Jun 2026 12:00:00 GMTRulesEarlier version of GL 48D. https://venezuelarulebook.com/oil/rules#gl-47b2026-06-10|OFAC issues General License 47A: Authorizing the Sale of U.S.-Origin Diluents to VenezuelaWed, 10 Jun 2026 12:00:00 GMTRulesEarlier version of GL 47B. https://venezuelarulebook.com/oil/rules#gl-46e2026-06-10|OFAC issues General License 46C: Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical ProductsWed, 10 Jun 2026 12:00:00 GMTRulesEarlier version of GL 46E. https://venezuelarulebook.com/oil/rules#gl-582026-05-05|OFAC issues General License 58: Authorizing Certain Services to the Government of Venezuela in Connection with Potential Debt RestructuringTue, 05 May 2026 12:00:00 GMTRulesCurrent version. Any person providing legal, financial advisory or consulting services to the Government of Venezuela, PdVSA, or any entity in which PdVSA owns, directly or indirectly, 50 percent or more https://venezuelarulebook.com/oil/rules#gl-5z2026-05-04|OFAC issues General License 5W: Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 5, 2026Mon, 04 May 2026 12:00:00 GMTRulesEarlier version of GL 5Z. https://venezuelarulebook.com/oil/rules#money2026-04-27|Oil money: Treasury replies to House Oversight that funds are held for approved purposes (salaries, medical supplies, energy infrastructure), without itemised accounting (as cited by Congress).Mon, 27 Apr 2026 12:00:00 GMTMoneyTreasury replies to House Oversight that funds are held for approved purposes (salaries, medical supplies, energy infrastructure), without itemised accounting (as cited by Congress). https://venezuelarulebook.com/oil/rules#money2026-04-17|Oil money: Members of Congress request a GAO audit of the arrangement.Fri, 17 Apr 2026 12:00:00 GMTMoneyMembers of Congress request a GAO audit of the arrangement. https://venezuelarulebook.com/oil/rules#gl-562026-04-14|OFAC issues General License 56: Authorizing Commercial-Related Negotiations of Contingent Contracts with the Government of VenezuelaTue, 14 Apr 2026 12:00:00 GMTRulesCurrent version. Any person (no named-party restriction); dealings are with the Government of Venezuela as defined in E.O. 13884 (the state and Government, political subdivisions, agencies, instrumentalities, controlled persons and those acting on their behalf) https://venezuelarulebook.com/oil/rules#gl-5z2026-03-19|OFAC issues General License 5V: Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After November 5, 2026Thu, 19 Mar 2026 12:00:00 GMTRulesEarlier version of GL 5Z. https://venezuelarulebook.com/oil/rules#gl-52c2026-03-18|OFAC issues General License 52: Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A.Wed, 18 Mar 2026 12:00:00 GMTRulesEarlier version of GL 52C. https://venezuelarulebook.com/oil/rules#gl-49b2026-03-13|OFAC issues General License 49A: Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in VenezuelaFri, 13 Mar 2026 12:00:00 GMTRulesEarlier version of GL 49B. https://venezuelarulebook.com/oil/rules#gl-48d2026-03-13|OFAC issues General License 48A: Authorizing the Supply of Certain Items and Services to VenezuelaFri, 13 Mar 2026 12:00:00 GMTRulesEarlier version of GL 48D. https://venezuelarulebook.com/oil/rules#gl-46e2026-03-13|OFAC issues General License 46B: Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical ProductsFri, 13 Mar 2026 12:00:00 GMTRulesEarlier version of GL 46E. https://venezuelarulebook.com/oil/rules#money2026-03-11|Oil money: Rep. Casten and Sen. Van Hollen ask Treasury for balances and an itemised list of payments.Wed, 11 Mar 2026 12:00:00 GMTMoneyRep. Casten and Sen. Van Hollen ask Treasury for balances and an itemised list of payments. https://venezuelarulebook.com/oil/rules#money2026-03-04|Oil money: OFAC FAQ 1239: Deposit Funds account details obtained from the State Department.Wed, 04 Mar 2026 12:00:00 GMTMoneyOFAC FAQ 1239: Deposit Funds account details obtained from the State Department. https://venezuelarulebook.com/oil/rules#money2026-02-18|Oil money: OFAC FAQ 1237: royalties and federal taxes go to the Deposit Funds; local taxes, permits and fees may be paid directly.Wed, 18 Feb 2026 12:00:00 GMTMoneyOFAC FAQ 1237: royalties and federal taxes go to the Deposit Funds; local taxes, permits and fees may be paid directly. https://venezuelarulebook.com/oil/rules#gl-50c2026-02-18|OFAC issues General License 50A: Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain EntitiesWed, 18 Feb 2026 12:00:00 GMTRulesEarlier version of GL 50C. https://venezuelarulebook.com/oil/rules#money2026-02-13|Oil money: Energy Secretary Wright says sales total $1 billion and proceeds go to a US Treasury account (as cited by Congress).Fri, 13 Feb 2026 12:00:00 GMTMoneyEnergy Secretary Wright says sales total $1 billion and proceeds go to a US Treasury account (as cited by Congress). https://venezuelarulebook.com/oil/rules#gl-50c2026-02-13|OFAC issues General License 50: Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela of Certain EntitiesFri, 13 Feb 2026 12:00:00 GMTRulesEarlier version of GL 50C. https://venezuelarulebook.com/oil/rules#gl-49b2026-02-13|OFAC issues General License 49: Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in VenezuelaFri, 13 Feb 2026 12:00:00 GMTRulesEarlier version of GL 49B.