Publication of Venezuela Sanctions Regulations Web General Licenses 8K and 41, 2237-2239 [2023-00515]
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Federal Register / Vol. 88, No. 9 / Friday, January 13, 2023 / Rules and Regulations
transactions or dealings with any
blocked person other than the
transactions described in paragraph (a)
of this general license; or
(4) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraph (a).
(c) Effective August 5, 2019, General
License 13B, dated June 26, 2019, is
replaced and superseded in its entirety
by this General License No. 13C.
Andrea Gacki, Director, Office of Foreign
Assets Control,
Dated: August 5, 2019.
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 13850 of November 1,
2018
Blocking Property of Additional
Persons Contributing to the Situation in
Venezuela
Executive Order 13884 of August 5,
2019
Blocking Property of the Government of
Venezuela
GENERAL LICENSE NO. 13D
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Authorizing Certain Activities
Involving Nynas AB
(a) Except as provided in paragraph
(c) of this general license, all
transactions and activities prohibited by
Executive Order (E.O.) 13850, as
amended by E.O. 13857 of January 25,
2019, or E.O. 13884, where the only
Government of Venezuela entities
involved are Nynas AB or any of its
subsidiaries, are authorized through
12:01 a.m. eastern daylight time, April
14, 2020.
(b) Any payment to or for the direct
or indirect benefit of a blocked person
other than Nynas AB or any of its
subsidiaries that is ordinarily incident
and necessary to give effect to
transactions authorized in paragraph (a)
of this general license and that come
into the possession or control of any
U.S. person must be placed into a
blocked, interest-bearing account
located in the United States in
accordance with 31 CFR 591.203.
(c) This general license does not
authorize:
(1) Any exportation or reexportation
of any goods, services, or technology,
directly or indirectly, by U.S. persons,
wherever located, or from the United
States, to the Government of Venezuela,
other than to Nynas AB or any of its
subsidiaries, or to any other blocked
persons;
(2) Any transactions or dealings
related to the exportation or
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reexportation of diluents, directly or
indirectly, to Venezuela;
(3) Any transactions or dealings
related to the purchase or acquisition of
Venezuelan- origin petroleum or
petroleum products, directly or
indirectly, by Nynas AB or any of its
subsidiaries;
(4) Any transaction that is otherwise
prohibited by E.O. 13884, or E.O. 13850,
E.O. 13835 of May 21, 2018, E.O. 13827
of March 19, 2018, E.O. 13808 of August
24, 2017, or E.O. 13692 of March 8,
2015, each as amended by E.O. 13857,
or any part of 31 CFR. chapter V, or any
transactions or dealings with any
blocked person other than the
transactions described in paragraph (a)
of this general license; or
(5) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraph (a).
(d) Effective October 17, 2019,
General License 13C, dated August 5,
2019, is replaced and superseded in its
entirety by this General License No.
13D.
Bradley T. Smith, Deputy Director, Office of
Foreign Assets Control,
Dated: October 17, 2019.
OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 13E
Authorizing Certain Activities
Involving Nynas AB
(a) Except as provided in paragraph
(c) of this general license, all
transactions and activities prohibited by
Executive Order (E.O.) 13850 of
November 1, 2018, as amended by E.O.
13857 of January 25, 2019, or E.O. 13884
of August 5, 2019, each as incorporated
into the Venezuela Sanctions
Regulations, 31 CFR part 591 (the VSR),
where the only Government of
Venezuela entities involved are Nynas
AB or any of its subsidiaries, are
authorized through 12:01 a.m. eastern
daylight time, May 14, 2020.
(b) Any payment to or for the direct
or indirect benefit of a blocked person
other than Nynas AB or any of its
subsidiaries that is ordinarily incident
and necessary to give effect to
transactions authorized in paragraph (a)
of this general license and that come
into the possession or control of any
U.S. person must be placed into a
blocked, interest-bearing account
located in the United States in
accordance with 31 CFR 591.203.
(c) This general license does not
authorize:
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(1) Any exportation or reexportation
of any goods, services, or technology,
directly or indirectly, by U.S. persons,
wherever located, or from the United
States, to the Government of Venezuela,
other than to Nynas AB or any of its
subsidiaries, or to any other blocked
persons;
(2) Any transactions or dealings
related to the exportation or
reexportation of diluents, directly or
indirectly, to Venezuela;
(3) Any transactions or dealings
related to the purchase or acquisition of
Venezuelan-origin petroleum or
petroleum products, directly or
indirectly, by Nynas AB or any of its
subsidiaries;
(4) Any transactions or activities
otherwise prohibited by the VSR, or any
other part of 31 CFR chapter V, or any
transactions or activities with any
blocked person other than the blocked
persons identified in paragraph (a) of
this general license; or
(5) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraph (a).
(d) Effective April 3, 2020, General
License No. 13D, dated October 17,
2019, is replaced and superseded in its
entirety by this General License No.
13E.
Andrea Gacki, Director, Office of Foreign
Assets Control,
Dated: April 3, 2020.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–00346 Filed 1–12–23; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General Licenses 8K
and 41
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing two
general licenses (GLs) issued pursuant
to the Venezuela Sanctions Regulations:
GLs 8K and 41, each of which was
previously made available on OFAC’s
website.
SUMMARY:
GLs 8K and 41 were issued on
November 26, 2022. See SUPPLEMENTARY
DATES:
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2238
INFORMATION
Federal Register / Vol. 88, No. 9 / Friday, January 13, 2023 / Rules and Regulations
for additional relevant
dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treas.gov/ofac.
Background
On November 26, 2022, OFAC issued
GLs 8K and 41 to authorize certain
transactions otherwise prohibited by the
Venezuela Sanctions Regulations, 31
CFR part 591. Each GL was made
available on OFAC’s website
(www.treas.gov/ofac) when it was
issued. GL 8K was issued on November
26, 2022 and has an expiration date of
May 26, 2023. GL 41 was issued on
November 26, 2022 and automatically
renews on the first day of each month
and is valid for a period of six months
from the effective date of GL 41 or the
date of any subsequent renewal of GL
41, whichever is later. The text of these
GLs is provided below.
OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
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GENERAL LICENSE NO. 8K
Authorizing Transactions Involving
Petro´leos de Venezuela, S.A. (PdVSA)
Necessary for the Limited Maintenance
of Essential Operations in Venezuela or
the Wind Down of Operations in
Venezuela for Certain Entities
(a) Except as provided in paragraphs
(c) and (d) of this general license, all
transactions and activities prohibited by
Executive Order (E.O.) 13850 of
November 1, 2018, as amended by E.O.
13857 of January 25, 2019, or E.O. 13884
of August 5, 2019, each as incorporated
into the Venezuela Sanctions
Regulations, 31 CFR part 591 (the VSR),
that are ordinarily incident and
necessary to the limited maintenance of
essential operations, contracts, or other
agreements, that: (i) are for safety or the
preservation of assets in Venezuela; (ii)
involve PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50
percent or greater interest; and (iii) were
in effect prior to July 26, 2019, are
authorized through 12:01 a.m. eastern
daylight time, May 26, 2023, for the
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following entities and their subsidiaries
(collectively, the ‘‘Covered Entities’’):
• Halliburton
• Schlumberger Limited
• Baker Hughes Holdings LLC
• Weatherford International, Public
Limited Company
Note to paragraph (a): Transactions and
activities necessary for safety or the
preservation of assets in Venezuela that are
authorized by paragraph (a) of this general
license include: transactions and activities
necessary to ensure the safety of personnel,
or the integrity of operations and assets in
Venezuela; participation in shareholder and
board of directors meetings; making
payments on third-party invoices for
transactions and activities authorized by
paragraph (a) of this general license, or
incurred prior to April 21, 2020, provided
such activity was authorized at the time it
occurred; payment of local taxes and
purchase of utility services in Venezuela; and
payment of salaries for employees and
contractors in Venezuela.
(b) Except as provided in paragraph
(d) of this general license, all
transactions and activities prohibited by
E.O. 13850, as amended, or E.O. 13884,
each as incorporated into the VSR, that
are ordinarily incident and necessary to
the wind down of operations, contracts,
or other agreements in Venezuela
involving PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50
percent or greater interest, and that were
in effect prior to July 26, 2019, are
authorized through 12:01 a.m. eastern
daylight time, May 26, 2023, for the
Covered Entities.
(c) Paragraph (a) of this general
license does not authorize:
(1) The drilling, lifting, or processing
of, purchase or sale of, or transport or
shipping of any Venezuelan-origin
petroleum or petroleum products;
(2) The provision or receipt of
insurance or reinsurance with respect to
the transactions and activities described
in paragraph (c)(1) of this general
license;
(3) The design, construction,
installation, repair, or improvement of
any wells or other facilities or
infrastructure in Venezuela or the
purchasing or provision of any goods or
services, except as required for safety;
(4) Contracting for additional
personnel or services, except as required
for safety; or
(5) The payment of any dividend,
including in kind, to PdVSA, or any
entity in which PdVSA owns, directly
or indirectly, a 50 percent or greater
interest.
(d) This general license does not
authorize:
(1) Any transactions or dealings
related to the exportation or
reexportation of diluents, directly or
indirectly, to Venezuela;
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(2) Any loans to, accrual of additional
debt by, or subsidization of PdVSA, or
any entity in which PdVSA owns,
directly or indirectly, a 50 percent or
greater interest, including in kind,
prohibited by E.O. 13808 of August 24,
2017, as amended by E.O. 13857, and
incorporated into the VSR; or
(3) Any transactions or activities
otherwise prohibited by the VSR, or any
other part of 31 CFR chapter V, or any
transactions or activities with any
blocked person other than the blocked
persons identified in paragraphs (a) and
(b) of this general license.
(e) Effective November 26, 2022,
General License No. 8J, dated May 27,
2022, is replaced and superseded in its
entirety by this General License No. 8K.
Andrea M. Gacki, Director, Office of Foreign
Assets Control,
Dated: November 26, 2022.
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 41
Authorizing Certain Transactions
Related to Chevron Corporation’s Joint
Ventures in Venezuela
(a) Except as provided in paragraph
(b) of this general license, all
transactions ordinarily incident and
necessary to the following activities for
or related to the operation and
management by Chevron Corporation or
its subsidiaries (‘‘Chevron’’) of
Chevron’s joint ventures in Venezuela
(collectively, the ‘‘Chevron JVs’’)
involving Petro´leos de Venezuela, S.A.
(PdVSA) or any entity in which PdVSA
owns, directly or indirectly, a 50
percent or greater interest, that are
prohibited by Executive Order (E.O.)
13850, as amended by E.O. 13857, or
E.O. 13884, each as incorporated into
the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), are authorized:
(1) Production and lifting of
petroleum or petroleum products
produced by the Chevron JVs, and any
related maintenance, repair, or servicing
of the Chevron JVs;
(2) Sale to, exportation to, or
importation into the United States of
petroleum or petroleum products
produced by the Chevron JVs, provided
that the petroleum and petroleum
products produced by the Chevron JVs
are first sold to Chevron;
(3) Ensuring the health or safety of
personnel or the integrity of operations
or assets of the Chevron JVs in
Venezuela; and
(4) Purchase and importation into
Venezuela of goods or inputs related to
the activities described in paragraphs
(a)(1)–(3) of this general license,
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Federal Register / Vol. 88, No. 9 / Friday, January 13, 2023 / Rules and Regulations
including diluents, condensates,
petroleum, or natural gas products.
DEPARTMENT OF DEFENSE
Note 1 to paragraph (a)(4). Except as
authorized pursuant to the Iranian
Transactions Sanctions Regulations, 31 CFR
part 560, or otherwise exempt, U.S. persons,
wherever located, remain prohibited from
engaging in any transaction or dealing in or
related to goods or services of Iranian origin,
including the purchase or import of Iranianorigin diluents, condensates, petroleum, or
natural gas.
(b) This general license does not
authorize:
(1) The payment of any taxes or
royalties to the Government of
Venezuela;
(2) The payment of any dividends,
including a dividend in kind, to PdVSA,
or any entity in which PdVSA owns,
directly or indirectly, a 50 percent or
greater interest;
(3) The sale of petroleum or
petroleum products produced by or
through the Chevron JVs for the
exportation to any jurisdiction other
than the United States;
(4) Any transaction involving an
entity located in Venezuela that is
owned or controlled by an entity located
in the Russian Federation;
(5) Any expansion of the Chevron JVs
into new fields in Venezuela beyond
what was in place on January 28, 2019;
or
(6) Any transactions otherwise
prohibited by the VSR, including
transactions involving any person
blocked pursuant to the VSR other than
the blocked persons described in
paragraph (a) of this general license,
unless separately authorized.
(c) This authorization automatically
renews on the first day of each month
and is valid for a period of six months
from the effective date of General
License No. 41 or the date of any
subsequent renewal of General License
No. 41, whichever is later.
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Note 2 to General License No. 41. 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.
Andrea M. Gacki, Director, Office of Foreign
Assets Control,
Dated: November 26, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–00515 Filed 1–12–23; 8:45 am]
BILLING CODE 4810–AL–P
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Office of the Secretary
32 CFR Part 269
[Docket ID: DOD–2016–OS–0045]
RIN 0790–AL58
Civil Monetary Penalty Inflation
Adjustment
Office of the Under Secretary of
Defense (Comptroller), Department of
Defense (DoD).
ACTION: Final rule.
AGENCY:
The DoD is issuing this final
rule to adjust each of its statutory civil
monetary penalties (CMP) to account for
inflation. The Federal Civil Penalties
Inflation Adjustment Act of 1990, as
amended by the Debt Collection
Improvement Act of 1996 and the
Federal Civil Penalties Inflation
Adjustment Act Improvements Act of
2015 (the 2015 Act), requires the head
of each agency to adjust for inflation its
CMP levels in effect as of November 2,
2015, under a revised methodology that
was effective for 2016 and for each year
thereafter.
DATES: This rule is effective January 13,
2023.
FOR FURTHER INFORMATION CONTACT:
Dzenana Dzanic, 703–508–9277.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background Information
The Federal Civil Penalties Inflation
Adjustment Act of 1990, Public Law
101–410, codified at 28 U.S.C. 2461,
note, as amended, requires agencies to
annually adjust the level of CMPs for
inflation to improve their effectiveness
and maintain their deterrent effect.
Section 2461 requires that not later than
July 1, 2016, and not later than January
15 of every year thereafter, the head of
each agency must adjust each CMP
within its jurisdiction by the inflation
adjustment set forth therein. The
inflation adjustment is determined by
increasing the maximum CMP or the
range of minimum and maximum CMPs,
as applicable, for each CMP by the costof-living adjustment, rounded to the
nearest multiple of $1. The cost-ofliving adjustment is the percentage (if
any) for each CMP by which the
Consumer Price Index (CPI) for the
month of October preceding the date of
the adjustment exceeds the CPI for the
month of October in the previous
calendar year.
The initial catch up adjustments for
inflation to the DoD’s CMPs were
published as an interim final rule in the
Federal Register on May 26, 2016 (81
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2239
FR 33389–33391) and became effective
on that date. The interim final rule was
published as a final rule without change
on September 12, 2016 (81 FR 62629–
62631), effective that date. The revised
methodology for agencies for 2017 and
each year thereafter provides for the
improvement of the effectiveness of
CMPs to maintain their deterrent effect.
The DoD is adjusting the level of all
civil monetary penalties under its
jurisdiction by the Office of
Management and Budget (OMB)
directed cost-of-living adjustment
multiplier for 2023 of 1.07745
prescribed in OMB Memorandum M–
23–05, ‘‘Implementation of Penalty
Inflation Adjustments for 2023,
Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015.’’ The DoD’s 2023
adjustments for inflation to CMPs apply
only to those CMPs, including those
whose associated violation predated
such adjustment, which are assessed by
the DoD after the effective date of the
new CMP level.
Statement of Authority and Costs and
Benefits
Pursuant to 5 U.S.C. 553(b)B, there is
good cause to issue this rule without
prior public notice or opportunity for
public comment because it would be
impracticable and unnecessary. The
Federal Civil Penalties Inflation
Adjustment Act Improvements Act of
2015 (Section 2461) requires agencies,
effective 2017, to make annual
adjustments for inflation to CMPs
notwithstanding 5 U.S.C. 553.
Additionally, the methodology used,
effective 2017, for adjusting CMPs for
inflation is established in statute, with
no discretion provided to agencies
regarding the substance of the
adjustments for inflation to CMPs. The
DoD is charged only with performing
ministerial computations to determine
the dollar amount of adjustments for
inflation to CMPs. Accordingly, prior
public notice and an opportunity to
comment are not required for this rule.
For the same reasons, there is good
cause under 5 U.S.C. 553(d)(3) to waive
the 30-day delay in effective date.
Further, there are no significant costs
associated with the regulatory revisions
that would impose any mandates on the
DoD, Federal, State or local
governments, or the private sector.
Accordingly, prior public notice and an
opportunity for public comment are not
required for this rule. The benefit of this
rule is the DoD anticipates that civil
monetary penalty collections may
increase in the future due to new
penalty authorities and other changes in
this rule. However, it is difficult to
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]]>Agencies
[Federal Register Volume 88, Number 9 (Friday, January 13, 2023)]
[Rules and Regulations]
[Pages 2237-2239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00515]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
Licenses 8K and 41
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GLs) issued pursuant
to the Venezuela Sanctions Regulations: GLs 8K and 41, each of which
was previously made available on OFAC's website.
DATES: GLs 8K and 41 were issued on November 26, 2022. See
SUPPLEMENTARY
[[Page 2238]]
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: www.treas.gov/ofac.
Background
On November 26, 2022, OFAC issued GLs 8K and 41 to authorize
certain transactions otherwise prohibited by the Venezuela Sanctions
Regulations, 31 CFR part 591. Each GL was made available on OFAC's
website (www.treas.gov/ofac) when it was issued. GL 8K was issued on
November 26, 2022 and has an expiration date of May 26, 2023. GL 41 was
issued on November 26, 2022 and automatically renews on the first day
of each month and is valid for a period of six months from the
effective date of GL 41 or the date of any subsequent renewal of GL 41,
whichever is later. The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8K
Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A.
(PdVSA) Necessary for the Limited Maintenance of Essential Operations
in Venezuela or the Wind Down of Operations in Venezuela for Certain
Entities
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive Order
(E.O.) 13850 of November 1, 2018, as amended by E.O. 13857 of January
25, 2019, or E.O. 13884 of August 5, 2019, each as incorporated into
the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), that
are ordinarily incident and necessary to the limited maintenance of
essential operations, contracts, or other agreements, that: (i) are for
safety or the preservation of assets in Venezuela; (ii) involve PdVSA
or any entity in which PdVSA owns, directly or indirectly, a 50 percent
or greater interest; and (iii) were in effect prior to July 26, 2019,
are authorized through 12:01 a.m. eastern daylight time, May 26, 2023,
for the following entities and their subsidiaries (collectively, the
``Covered Entities''):
Halliburton
Schlumberger Limited
Baker Hughes Holdings LLC
Weatherford International, Public Limited Company
Note to paragraph (a): Transactions and activities necessary for
safety or the preservation of assets in Venezuela that are
authorized by paragraph (a) of this general license include:
transactions and activities necessary to ensure the safety of
personnel, or the integrity of operations and assets in Venezuela;
participation in shareholder and board of directors meetings; making
payments on third-party invoices for transactions and activities
authorized by paragraph (a) of this general license, or incurred
prior to April 21, 2020, provided such activity was authorized at
the time it occurred; payment of local taxes and purchase of utility
services in Venezuela; and payment of salaries for employees and
contractors in Venezuela.
(b) Except as provided in paragraph (d) of this general license,
all transactions and activities prohibited by E.O. 13850, as amended,
or E.O. 13884, each as incorporated into the VSR, that are ordinarily
incident and necessary to the wind down of operations, contracts, or
other agreements in Venezuela involving PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50 percent or greater interest,
and that were in effect prior to July 26, 2019, are authorized through
12:01 a.m. eastern daylight time, May 26, 2023, for the Covered
Entities.
(c) Paragraph (a) of this general license does not authorize:
(1) The drilling, lifting, or processing of, purchase or sale of,
or transport or shipping of any Venezuelan-origin petroleum or
petroleum products;
(2) The provision or receipt of insurance or reinsurance with
respect to the transactions and activities described in paragraph
(c)(1) of this general license;
(3) The design, construction, installation, repair, or improvement
of any wells or other facilities or infrastructure in Venezuela or the
purchasing or provision of any goods or services, except as required
for safety;
(4) Contracting for additional personnel or services, except as
required for safety; or
(5) The payment of any dividend, including in kind, to PdVSA, or
any entity in which PdVSA owns, directly or indirectly, a 50 percent or
greater interest.
(d) This general license does not authorize:
(1) Any transactions or dealings related to the exportation or
reexportation of diluents, directly or indirectly, to Venezuela;
(2) Any loans to, accrual of additional debt by, or subsidization
of PdVSA, or any entity in which PdVSA owns, directly or indirectly, a
50 percent or greater interest, including in kind, prohibited by E.O.
13808 of August 24, 2017, as amended by E.O. 13857, and incorporated
into the VSR; or
(3) Any transactions or activities otherwise prohibited by the VSR,
or any other part of 31 CFR chapter V, or any transactions or
activities with any blocked person other than the blocked persons
identified in paragraphs (a) and (b) of this general license.
(e) Effective November 26, 2022, General License No. 8J, dated May
27, 2022, is replaced and superseded in its entirety by this General
License No. 8K.
Andrea M. Gacki, Director, Office of Foreign Assets Control,
Dated: November 26, 2022.
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 41
Authorizing Certain Transactions Related to Chevron Corporation's Joint
Ventures in Venezuela
(a) Except as provided in paragraph (b) of this general license,
all transactions ordinarily incident and necessary to the following
activities for or related to the operation and management by Chevron
Corporation or its subsidiaries (``Chevron'') of Chevron's joint
ventures in Venezuela (collectively, the ``Chevron JVs'') involving
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which
PdVSA owns, directly or indirectly, a 50 percent or greater interest,
that are prohibited by Executive Order (E.O.) 13850, as amended by E.O.
13857, or E.O. 13884, each as incorporated into the Venezuela Sanctions
Regulations, 31 CFR part 591 (the VSR), are authorized:
(1) Production and lifting of petroleum or petroleum products
produced by the Chevron JVs, and any related maintenance, repair, or
servicing of the Chevron JVs;
(2) Sale to, exportation to, or importation into the United States
of petroleum or petroleum products produced by the Chevron JVs,
provided that the petroleum and petroleum products produced by the
Chevron JVs are first sold to Chevron;
(3) Ensuring the health or safety of personnel or the integrity of
operations or assets of the Chevron JVs in Venezuela; and
(4) Purchase and importation into Venezuela of goods or inputs
related to the activities described in paragraphs (a)(1)-(3) of this
general license,
[[Page 2239]]
including diluents, condensates, petroleum, or natural gas products.
Note 1 to paragraph (a)(4). Except as authorized pursuant to the
Iranian Transactions Sanctions Regulations, 31 CFR part 560, or
otherwise exempt, U.S. persons, wherever located, remain prohibited
from engaging in any transaction or dealing in or related to goods
or services of Iranian origin, including the purchase or import of
Iranian-origin diluents, condensates, petroleum, or natural gas.
(b) This general license does not authorize:
(1) The payment of any taxes or royalties to the Government of
Venezuela;
(2) The payment of any dividends, including a dividend in kind, to
PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50
percent or greater interest;
(3) The sale of petroleum or petroleum products produced by or
through the Chevron JVs for the exportation to any jurisdiction other
than the United States;
(4) Any transaction involving an entity located in Venezuela that
is owned or controlled by an entity located in the Russian Federation;
(5) Any expansion of the Chevron JVs into new fields in Venezuela
beyond what was in place on January 28, 2019; or
(6) Any transactions otherwise prohibited by the VSR, including
transactions involving any person blocked pursuant to the VSR other
than the blocked persons described in paragraph (a) of this general
license, unless separately authorized.
(c) This authorization automatically renews on the first day of
each month and is valid for a period of six months from the effective
date of General License No. 41 or the date of any subsequent renewal of
General License No. 41, whichever is later.
Note 2 to General License No. 41. 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.
Andrea M. Gacki, Director, Office of Foreign Assets Control,
Dated: November 26, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-00515 Filed 1-12-23; 8:45 am]
BILLING CODE 4810-AL-P
