Publication of Venezuela Sanctions Regulations Web General License 8L, 40713 [2023-13359]
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Federal Register / Vol. 88, No. 119 / Thursday, June 22, 2023 / Rules and Regulations
document upon publication in the
Federal Register.
OFFICE OF FOREIGN ASSETS CONTROL
Scott Brinks,
Federal Register Liaison Officer, Drug
Enforcement Administration.
31 CFR Part 591
Venezuela Sanctions Regulations
GENERAL LICENSE NO. 8L
[FR Doc. 2023–13085 Filed 6–21–23; 8:45 am]
BILLING CODE 4410–09–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General License 8L
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Publication of a web general
license.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing one
general license (GL) issued pursuant to
the Venezuela Sanctions Regulations:
GL 8L, which was previously made
available on OFAC’s website.
SUMMARY:
GL 8L was issued on May 23,
2023. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
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 Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov/.
ddrumheller on DSK120RN23PROD with RULES1
Background
On May 23, 2023, OFAC issued GL 8L
to authorize certain transactions
otherwise prohibited by the Venezuela
Sanctions Regulations, 31 CFR part 591.
GL 8L was made available on OFAC’s
website (https://ofac.treasury.gov/)
when it was issued. GL 8L was issued
on May 23, 2023 and has an expiration
date of November 19, 2023. The text of
this GL is provided below.
VerDate Sep<11>2014
16:54 Jun 21, 2023
Jkt 259001
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 standard time,
November 19, 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 standard time,
November 19, 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;
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Fmt 4700
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40713
(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 May 23, 2023, General License
No. 8K, dated November 26, 2022, is replaced
and superseded in its entirety by this General
License No. 8L.
Dated: May 23, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–13359 Filed 6–21–23; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[USCG–2023–0524]
RIN 1625–AA00
Safety Zone; Atlantic Ocean, Virginia
Beach, VA
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
establishing a temporary safety zone for
all navigable waters within 200-yards of
the Virginia Beach oceanfront. The
safety zone is needed to protect
mariners from the potential hazards
which would result if a large
congregation of spectator vessels
anchors in close proximity to a
shoreside concert on the Virginia Beach
oceanfront. Entry of vessels or persons
into this zone when it is subject to
enforcement is prohibited unless
SUMMARY:
E:\FR\FM\22JNR1.SGM
22JNR1
]]>Agencies
[Federal Register Volume 88, Number 119 (Thursday, June 22, 2023)]
[Rules and Regulations]
[Page 40713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13359]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
License 8L
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing one general license (GL) issued pursuant
to the Venezuela Sanctions Regulations: GL 8L, which was previously
made available on OFAC's website.
DATES: GL 8L was issued on May 23, 2023. See SUPPLEMENTARY 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 Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.
Background
On May 23, 2023, OFAC issued GL 8L to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations, 31 CFR part 591. GL 8L was made available on OFAC's
website (https://ofac.treasury.gov/) when it was issued. GL 8L was
issued on May 23, 2023 and has an expiration date of November 19, 2023.
The text of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8L
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 standard time, November 19, 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 standard time, November
19, 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 May 23, 2023, General License No. 8K, dated
November 26, 2022, is replaced and superseded in its entirety by
this General License No. 8L.
Dated: May 23, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-13359 Filed 6-21-23; 8:45 am]
BILLING CODE 4810-AL-P
