GL-40D
ExpiredAuthorizing the Offloading of Liquefied Petroleum Gas in Venezuela
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Summary
General License No. 40D authorizes all transactions ordinarily incident and necessary to the delivery and offloading of liquefied petroleum gas (LPG) in Venezuela, where those transactions involve the Government of Venezuela, PdVSA, or any PdVSA-majority-owned entity. The authorization applies to transactions otherwise prohibited by E.O. 13850, E.O. 13857, or E.O. 13884 as incorporated into the Venezuela Sanctions Regulations (31 CFR part 591). The license is valid through 12:01 a.m. eastern daylight time on September 5, 2025, but only for LPG that was loaded on a vessel on or before July 7, 2025. It replaces and supersedes General License No. 40C in its entirety.
Authorized activities
- Delivery and offloading of liquefied petroleum gas (LPG) in Venezuela
- Transactions involving the Government of Venezuela
- Transactions involving PdVSA
- Transactions involving any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest
Conditions
The LPG must have been loaded on a vessel on or before July 7, 2025. The license does not authorize any payment-in-kind of petroleum or petroleum products. It also does not authorize any transactions otherwise prohibited by the VSR, including transactions involving blocked persons other than PdVSA, PdVSA-majority-owned entities, or Government of Venezuela persons blocked solely pursuant to E.O. 13884. Compliance with requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security, is still required.