[Federal Register Volume 86, Number 204 (Tuesday, October 26, 2021)]
[Rules and Regulations]
[Pages 59024-59029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23331]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Web General License 8 and Subsequent 
Iterations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing nine Venezuela web general licenses (GLs) 
in the Federal Register: GL 8, GL 8A, GL 8B, GL 8C, GL 8D, GL 8E, GL 
8F, and GL 8G, each of which is now expired and was previously issued 
on OFAC's website, as well as GL 8H, which was also previously issued 
on OFAC's website and expires on December 1, 2021.

DATES: GL 8H was issued on June 1, 2021 and expires on December 1, 
2021. See SUPPLEMENTARY INFORMATION of this rule 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:

[[Page 59025]]

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treasury.gov/ofac.

Background

    On March 8, 2015, the President, invoking the authority of, inter 
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
1706), issued Executive Order (E.O.) 13692, ``Blocking Property and 
Suspending Entry of Persons Contributing to the Situation in 
Venezuela'' (80 FR 12747, March 11, 2015). In E.O. 13692, the President 
found that the situation in Venezuela, including the Government of 
Venezuela's erosion of human rights guarantees, persecution of 
political opponents, curtailment of press freedoms, use of violence and 
human rights violations and abuses in response to antigovernment 
protests, and arbitrary arrest and detention of antigovernment 
protestors, as well as the exacerbating presence of significant public 
corruption, constitutes an unusual and extraordinary threat to the 
national security and foreign policy of the United States, and declared 
a national emergency to deal with that threat.
    The President issued six additional E.O.s pursuant to the national 
emergency declared in E.O. 13692: E.O. 13808 of August 24, 2017, 
``Imposing Additional Sanctions With Respect to the Situation in 
Venezuela'' (82 FR 41155, August 29, 2017); E.O. 13827 of March 19, 
2018, ``Taking Additional Steps to Address the Situation in Venezuela'' 
(83 FR 12469, March 21, 2018); E.O. 13835 of May 21, 2018, 
``Prohibiting Certain Additional Transactions With Respect to 
Venezuela'' (83 FR 24001, May 24, 2018) (E.O. 13835); E.O. 13850 of 
November 1, 2018, ``Blocking Property of Additional Persons 
Contributing to the Situation in Venezuela'' (83 FR 55243, November 2, 
2018); E.O. 13857 of January 25, 2019, ``Taking Additional Steps To 
Address the National Emergency With Respect to Venezuela'' (84 FR 509, 
January 30, 2019); and E.O. 13884 of August 5, 2019, ``Blocking 
Property of the Government of Venezuela'' (84 FR 38843, August 7, 
2019).
    OFAC, in consultation with the Department of State, issued GL 8 on 
January 28, 2019, pursuant to E.O. 13850, as amended, to authorize 
certain entities and their subsidiaries to engage in transactions and 
activities ordinarily incident and necessary to operations in Venezuela 
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 were otherwise prohibited by E.O. 13850, through 12:01 
a.m. eastern daylight time, July 27, 2019. Subsequently, OFAC issued 
eight further iterations of GL 8, which extended the period and 
modified the scope of the authorization.
    On June 6, 2019, OFAC issued GL 8A, which replaced and superseded 
GL 8; on July 26, 2019, OFAC issued GL 8B, which replaced and 
superseded GL 8A; on August 5, 2019, OFAC issued GL 8C, which replaced 
and superseded GL 8B; on October 21, 2019, OFAC issued GL 8D, which 
replaced and superseded GL 8C; on January 17, 2020, OFAC issued GL 8E, 
which replaced and superseded GL 8D; on April 21, 2020, OFAC issued GL 
8F, which replaced and superseded GL 8E; on November 17, 2020, OFAC 
issued GL 8G, which replaced and superseded GL 8F; and on June 1, 2021, 
OFAC issued GL 8H, which replaced and superseded GL 8G. GL 8H expires 
on December 1, 2021. The texts of the following nine Venezuela GLs are 
provided below: GLs 8, 8A, 8B, 8C, 8D, 8E, 8F, 8G, and 8H.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

General License No. 8

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Prohibited by Executive Order 13850 for Certain Entities 
Operating in Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
operations in Venezuela involving PdVSA or any entity in which PdVSA 
owns, directly or indirectly, a 50 percent or greater interest 
prohibited by Executive Order 13850 are authorized through 12:01 a.m. 
eastern daylight time, July 27, 2019 for the following entities and 
their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any exportation or reexportation of diluents from the United 
States to Venezuela; or
    (2) Any transaction that is otherwise prohibited under Executive 
Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, 
Executive Order 13827 of March 19, 2018, Executive Order 13808 of 
August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 
31 CFR chapter V, or any transactions or dealings with any blocked 
person other than the blocked persons described in paragraph (a) of 
this general license.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: January 28, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

General License No. 8A

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Prohibited by Executive Order 13850 for Certain Entities 
Operating in Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
operations in Venezuela involving PdVSA or any entity in which PdVSA 
owns, directly or indirectly, a 50 percent or greater interest 
prohibited by Executive Order (E.O.) 13850, as amended by E.O. 13857 of 
January 25, 2019, are authorized through 12:01 a.m. eastern daylight 
time, July 27, 2019 for the following entities and their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela; or
    (2) Any transaction that is otherwise prohibited by E.O. 13850, 
E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808 of 
August 24, 2017, E.O. 13692 of March 8, 2015, or any part of 31 CFR 
chapter V, or any transactions or dealings with any blocked person 
other than the blocked persons described in paragraph (a) of this 
general license.

[[Page 59026]]

    (c) Effective June 6, 2019, General License No. 8, dated January 
28, 2019, is replaced and superseded in its entirety by this General 
License 8A.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: June 6, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

General License No. 8B

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Necessary for Maintenance of Operations for Certain Entities in 
Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
the maintenance 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 prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, and 
that were in effect prior to July 26, 2019, are authorized through 
12:01 a.m. eastern daylight time, October 25, 2019 for the following 
entities and their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela; or
    (2) Any transaction that is otherwise prohibited by E.O. 13850, 
E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808 of 
August 24, 2017, E.O. 13692 of March 8, 2015, or any part of 31 CFR 
chapter V, or any transactions or dealings with any blocked person 
other than the blocked persons described in paragraph (a) of this 
general license.
    (c) Effective July 26, 2019, General License No. 8A, dated June 6, 
2019, is replaced and superseded in its entirety by this General 
License 8B.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: July 26, 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 of August 5, 2019

Blocking Property of the Government of Venezuela

General License NO. 8C

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Necessary for Maintenance of Operations for Certain Entities in 
Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
the maintenance 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 prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or 
E.O. of August 5, 2019, and that were in effect prior to July 26, 2019, 
are authorized through 12:01 a.m. eastern daylight time, October 25, 
2019 for the following entities and their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela; or
    (2) Any transaction that is otherwise prohibited by E.O. of August 
5, 2019, 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, or any part of 31 CFR chapter V, or any transactions or dealings 
with any blocked person other than the blocked persons described in 
paragraph (a) of this general license.
    (c) Effective August 5, 2019, General License No. 8B, dated July 
26, 2019, is replaced and superseded in its entirety by this General 
License 8C.

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. 8D

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Necessary for Maintenance of Operations for Certain Entities in 
Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
the maintenance 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 prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or 
E.O. 13884, and that were in effect prior to July 26, 2019, are 
authorized through 12:01 a.m. eastern standard time, January 22, 2020 
for the following entities and their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela; or
    (2) 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 blocked 
persons described in paragraph (a) of this general license.
    (c) Effective October 21, 2019, General License No. 8C, dated 
August 5, 2019, is replaced and superseded in its entirety by this 
General License 8D.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: October 21, 2019.

[[Page 59027]]

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. 8E

Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) Necessary for Maintenance of Operations for Certain Entities in 
Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities ordinarily incident and necessary to 
the maintenance 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 prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or 
E.O. 13884, and that were in effect prior to July 26, 2019, are 
authorized through 12:01 a.m. eastern daylight time, April 22, 2020 for 
the following entities and their subsidiaries:

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 Weatherford International, Public Limited Company

    (b) This general license does not authorize:
    (1) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela; or
    (2) 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 blocked 
persons described in paragraph (a) of this general license.
    (c) Effective January 17, 2020, General License No. 8D, dated 
October 21, 2019, is replaced and superseded in its entirety by this 
General License No. 8E.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: January 17, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations 31 CFR Part 591

General License No. 8F

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, December 1, 
2020, for the following entities and their subsidiaries (collectively, 
the ``Covered Entities''):

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 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, December 1, 2020, 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 April 21, 2020, General License No. 8E, dated January 
17, 2020, is replaced and superseded in its entirety by this General 
License No. 8F.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: April 21, 2020.

[[Page 59028]]

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations 31 CFR Part 591

General License No. 8G

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, June 3, 2021, 
for the following entities and their subsidiaries (collectively, the 
``Covered Entities''):

 Chevron Corporation
 Halliburton
 Schlumberger Limited
 Baker Hughes, a GE Company
 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, June 3, 2021, 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 17, 2020, General License No. 8F, dated 
April 21, 2020, is replaced and superseded in its entirety by this 
General License No. 8G.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: November 17, 2020.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations 31 CFR Part 591

General License No. 8H

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, December 1, 
2021, for the following entities and their subsidiaries (collectively, 
the ``Covered Entities''):

 Chevron Corporation
 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

[[Page 59029]]

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, December 1, 2021, 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 June 1, 2021, General License No. 8G, dated November 
17, 2020, is replaced and superseded in its entirety by this General 
License No. 8H.

Bradley T. Smith,

Acting Director, Office of Foreign Assets Control.
Dated: June 1, 2021.

    Dated: October 21, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2021-23331 Filed 10-25-21; 8:45 am]
BILLING CODE 4810-AL-P