Sanctions / Venezuela and United States
OFAC replaces its Venezuelan oil licence with GL 46A
OFAC issued General License 46A on 10 February, replacing General License 46 for certain Venezuelan-origin oil activities.
- Review cut-off
- Review window
- 2026-02-07 to 2026-02-10
- Published by Caracal Intelligence
Historical review. Published after the period covered. The cut-off is the end of the review date in UTC. We compare source dates and known updates with this cut-off. Some sources lack exact times or earlier versions. Business effects below are possible outcomes, not confirmed losses.
Reported event · 2026-02-10
What happened
OFAC issued General License 46A on 10 February, replacing General License 46 for certain Venezuelan-origin oil activities. Transaction teams needed to use the revised text for new decisions.
Evidence: [1]
Caracal analysis / Possible effects
Global logistics
An amended licence could change whether a carrier, terminal, or supporting service could accept a shipment. Bookings made under an older review could need a fresh check.
Trade and supply chains
Banks and traders could delay execution while they reviewed conditions and exclusions. A replacement licence should not be treated as a complete end to the sanctions regime.
Industries to watch
Refiners, oil traders, chartering teams, and trade finance providers should review authorisation at the transaction level.
- Oil
- Refining
- Trade finance
What to check next
- Replace saved GL 46 checks with a review of GL 46A.
- Reconfirm service and payment acceptance with all providers.
Sources and evidence limits
[1] US Office of Foreign Assets Control · Official licence notice · Published 2026-02-10
OFAC replaces its Venezuelan oil licence with GL 46A — source report
This entry concerns the licence replacement. It does not state that every oil transaction became lawful or commercially available.
Sources and claims checked on . This check compares the brief with dated source reports. It does not independently confirm every reported incident. Check current conditions before you change an operating plan.