GL-47A
SupersededAuthorizing the Sale of U.S.-Origin Diluents to Venezuela
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Summary
General License No. 47A authorizes all transactions ordinarily incident and necessary to the exportation, reexportation, sale, resale, supply, storage, marketing, delivery, or transportation of U.S.-origin diluents to Venezuela, including transactions involving the Government of Venezuela, PdVSA, and PdVSA Entities. Supporting transactions such as payment processing, shipping, logistics, marine insurance, P&I coverage, and port and terminal services are also authorized. Contracts with Venezuelan government entities must be governed by U.S. law and require dispute resolution in the U.S., U.K., France, or Singapore. This license supersedes General License No. 47 dated February 3, 2026.
Conditions
Contracts with the Government of Venezuela, PdVSA, or PdVSA Entities must be governed by U.S. law and require dispute resolution in the U.S., U.K., France, or Singapore. Payment terms must be commercially reasonable and may not involve debt swaps, gold payments, or Venezuelan digital currency (including the petro). Transactions involving persons in or organized under the laws of Iran, North Korea, or Cuba (or entities owned/controlled by or in joint ventures with such persons) are excluded. Unblocking of blocked property (except as provided in paragraph (a)) and transactions involving blocked vessels are not authorized. Compliance with other Federal agency requirements, including the Department of Commerce's Bureau of Industry and Security, is still required.
Reporting requirement
Any person that exports, reexports, sells, resells, or supplies U.S.-origin diluents to Venezuela pursuant to this license must submit a detailed report to Sanctions_inbox@state.gov and VZReporting@doe.gov identifying the parties involved, quantities and values, and dates of transactions. The first report is due ten days after execution of the first transaction, then every 90 days thereafter while transactions are ongoing.