[Federal Register Volume 87, Number 197 (Thursday, October 13, 2022)]
[Rules and Regulations]
[Pages 62020-62029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-22197]


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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 9 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 eight general licenses (GLs) issued in the 
Venezuela Sanctions Regulations program: GLs 9, 9A, 9B, 9C, 9D, 9E, and 
9F, each of which was previously issued on OFAC's website and is now 
expired, as well as GL 9G, which was also previously issued on OFAC's 
website.

DATES: General License 9G was issued on May 12, 2020. See SUPPLEMENTARY 
INFORMATION of this document 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.treasury.gov/ofac.

Background

    OFAC issued GL 9 on January 28, 2019 pursuant to Executive Order 
(E.O.) 13808 of August 24, 2017, ``Imposing Additional Sanctions With 
Respect to the Situation in Venezuela'' (82 FR 41155, August 29, 2017) 
and E.O. 13850 of November 1, 2018, ``Blocking Property of Additional 
Persons Contributing to the Situation in Venezuela'' (83 FR 55243, 
November 2, 2018) to authorize certain transactions otherwise 
prohibited by the Executive Orders. At the time of issuance, OFAC made 
GL 9 available on its website (www.treas.gov/ofac). Subsequently, OFAC 
issued seven further iterations of GL 9, which extended the duration 
and modified the scope of the authorization: on February 1, 2019, OFAC 
issued GL 9A, which superseded GL 9; on February 11, 2019, OFAC issued 
GL 9B, which superseded GL 9A; on March 8, 2019, OFAC issued GL 9C, 
which superseded GL 9B; on April 17, 2019, OFAC issued GL 9D, which 
superseded GL 9C; on August 5, 2019, OFAC issued GL 9E, which 
superseded GL 9D; on September 30, 2019 OFAC issued GL 9F, which 
superseded 9E, and on May 12, 2020, OFAC issued GL 9G, which superseded 
9F. Each GL was made available on OFAC's website when it was issued. As 
reflected in the authorities section of subsequent general licenses, on 
November 22, 2019, OFAC incorporated the prohibitions of Executive 
Order 13808, as well as of any other Executive orders issued pursuant 
to the national emergency declared in Executive Order 13692 of March 8,

[[Page 62021]]

2015, into the Venezuelan Sanctions Regulations, 31 CFR part 591. The 
text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

GENERAL LICENSE 9

Authorizing Transactions Related to Dealings in Certain Debt

    (a) Except as provided in paragraph (d) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of 
Executive Order 13808 (E.O. 13808) or Executive Order 13850 that are 
ordinarily incident and necessary to dealings in any debt (including 
the bonds listed on the Annex to this general license, promissory 
notes, and other receivables) of Petr[oacute]leos de Venezuela, S.A. 
(PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 
percent or greater interest (together, PdVSA-related debt), issued 
prior to August 25, 2017 (the effective date of E.O. 13808), are 
authorized, provided that any divestment or transfer of, or 
facilitation of divestment or transfer of, any holdings in such debt 
must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA-related debt, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (d) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 that are ordinarily incident and necessary to dealings in any 
bonds that were issued prior to August 25, 2017 (the effective date of 
E.O. 13808) by the following entities or any of their subsidiaries, are 
authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB

    (d) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraph (a);
    (2) U.S. persons to sell PdVSA-related debt to, to purchase or 
invest in debt of, or to facilitate such transactions with, directly or 
indirectly, any person whose property and interests in property are 
blocked pursuant to E.O. 13850, including PdVSA and any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest, 
other than purchases of or investments in PdVSA-related debt (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of PdVSA-related debt;
    (3) 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 transactions described in paragraph (a) of this 
general license.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: January 28, 2019

Annex--Bonds Described in Paragraph (a) of General License 9

    List of Bonds Described in Paragraph (a) of General License 9, as 
of January 28, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 62022]]

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

GENERAL LICENSE 9A

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraph (f) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of 
Executive Order 13808 (E.O. 13808) or Executive Order 13850 (E.O. 
13850) that are ordinarily incident and necessary to dealings in any 
debt (including the bonds listed on the Annex to this general license, 
promissory notes, and other receivables) of, or equity in, 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest 
(together, PdVSA securities), issued prior to August 25, 2017 (the 
effective date of E.O. 13808), are authorized, provided that any 
divestment or transfer of, or facilitation of divestment or transfer 
of, any holdings in such PdVSA securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (f) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
facilitating, clearing, and settling trades of holdings in the PdVSA 
securities referred to in paragraph (a) of this general license are 
authorized, provided such trades were placed prior to 4:00 p.m. eastern 
standard time on January 28, 2019.
    (d) Except as provided in paragraph (f) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or E.O 13850 that are ordinarily incident and necessary to the 
wind down of financial contracts or other agreements that were entered 
into prior to 4:00 p.m. eastern standard time on January 28, 2019, 
involving, or linked to, PdVSA securities issued prior to August 25, 
2017 are authorized. This authorization is valid through 12:01 a.m. 
eastern standard time, March 3, 2019.
    (e) Except as provided in paragraph (f) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
dealings in any bonds that were issued prior to August 25, 2017 (the 
effective date of E.O. 13808) by the following entities or any of their 
subsidiaries, are authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB

    (f) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e);
    (2) U.S. persons to sell PdVSA securities to, to purchase or invest 
in securities of, or to facilitate such transactions with, directly or 
indirectly, any person whose property and interests in property are 
blocked pursuant to E.O. 13850, including PdVSA and any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest, 
other than purchases of or investments in PdVSA securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of PdVSA securities; or
    (3) 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 transactions described in paragraph (a) of this 
general license.
    (g) Effective February 1, 2019, General License No. 9, dated 
January 28, 2019, is replaced and superseded in its entirety by this 
General License No. 9A.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: February 1, 2019

Annex--Bonds Described in Paragraph (a) of General License 9A

    List of Bonds Described in Paragraph (a) of General License 9A, as 
of February 1, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028

[[Page 62023]]

 
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

GENERAL LICENSE 9B

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Section 
l(a)(iii) of Executive Order 13808 (E.O. 13808) or Executive Order 
13850 (E.O. 13850) that are ordinarily incident and necessary to 
dealings in any debt (including the bonds listed on the Annex to this 
general license, promissory notes, and other receivables) of, or any 
equity in, Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in 
which PdVSA owns, directly or indirectly, a 50 percent or greater 
interest, issued prior to August 25, 2017 (the effective date of E.O. 
13808) (together, PdVSA securities), are authorized, provided that any 
divestment or transfer of, or facilitation of divestment or transfer 
of, any holdings in such PdVSA securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
facilitating, clearing, and settling trades of holdings in PdVSA 
securities are authorized, provided such trades were placed prior to 
4:00 p.m. eastern standard time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O 13850 that are ordinarily incident and necessary to the 
wind down of financial contracts or other agreements that were entered 
into prior to 4:00 p.m. eastern standard time on January 28, 2019, 
involving, or linked to, PdVSA securities are authorized. This 
authorization is valid through 12:01 a.m. eastern standard time, March 
11, 2019.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
dealings in any bonds that were issued prior to August 25, 2017 (the 
effective date of E.O. 13808) by the following entities or any of their 
subsidiaries, are authorized:
 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB
    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to E.O. 13850, including 
PdVSA and any entity in which PdVSA owns, directly or indirectly, a 50 
percent or greater interest; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, PdVSA securities, 
other than purchases of or investments in PdVSA securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of holdings in PdVSA securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e); 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 transactions described in this general license.
    (h) Effective February 11, 2019, General License No. 9A, dated 
February 1, 2019, is replaced and superseded in its entirety by this 
General License No. 9B.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: February 11, 2019

Annex--Bonds Described in Paragraph (a) of General License 9B

    List of Bonds Described in Paragraph (a) of General License 9B, as 
of February 11, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022

[[Page 62024]]

 
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

GENERAL LICENSE 9C

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Section 1 
(a)(iii) of Executive Order 13808 (E.O. 13808) or Executive Order 13850 
(E.O. 13850) that are ordinarily incident and necessary to dealings in 
any debt (including the bonds listed on the Annex to this general 
license, promissory notes, and other receivables) of, or any equity in, 
Petr6leos de Venezuela, S.A. (PdVSA) or any entity in which PdVSA owns, 
directly or indirectly, a 50 percent or greater interest, issued prior 
to August 25, 2017 (the effective date of E.O. 13808) (together, PdVSA 
securities), are authorized, provided that any divestment or transfer 
of, or facilitation of divestment or transfer of, any holdings in such 
PdVSA securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
facilitating, clearing, and settling trades of holdings in PdVSA 
securities are authorized, provided such trades were placed prior to 
4:00 p.m. eastern standard time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O 13850 that are ordinarily incident and necessary to the 
wind down of financial contracts or other agreements that were entered 
into prior to 4:00 p.m. eastern standard time on January 28, 2019, 
involving, or linked to, PdVSA securities are authorized. This 
authorization is valid through 12:01 a.m. eastern daylight time, May 
10, 2019.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or E.O. 13850 that are ordinarily incident and necessary to 
dealings in any bonds that were issued prior to August 25, 2017 (the 
effective date of E.O. 13808) by the following entities or any of their 
subsidiaries, are authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB

    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to E.O. 13850, including 
PdVSA and any entity in which PdVSA owns, directly or indirectly, a 50 
percent or greater interest; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, PdVSA securities, 
other than purchases of or investments in PdVSA securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of holdings in PdVSA securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e); 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 transactions described in this general license.
    (h) Effective March 8, 2019, General License No. 9B, dated February 
11, 2019, is replaced and superseded in its entirety by this General 
License No. 9C.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: March 8, 2019

Annex--Bonds Described in Paragraph (a) of General License 9C

    List of Bonds Described in Paragraph (a) of General License 9C, as 
of March 8, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022

[[Page 62025]]

 
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

Executive Order 13850 of November 1, 2018

Blocking Property of Additional Persons Contributing to the Situation 
in Venezuela

GENERAL LICENSE 9D

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Section 
l(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, as 
amended by E.O. 13857 of January 25, 2019 (``Taking Additional Steps to 
Address the National Emergency With Respect to Venezuela'') (E.O. 
13808), or by E.O. 13850, as amended by E.O. 13857 (E.O. 13850), that 
are ordinarily incident and necessary to dealings in any debt 
(including the bonds listed on the Annex to this general license, 
promissory notes, and other receivables) of, or any equity in, 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest, 
issued prior to August 25, 2017 (the effective date of E.O. 13808) 
(together, PdVSA securities), are authorized, provided that any 
divestment or transfer of, or facilitation of divestment or transfer 
of, any holdings in such PdVSA securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or by E.O. 13850 that are ordinarily incident and necessary to 
facilitating, clearing, and settling trades of holdings in PdVSA 
securities are authorized, provided such trades were placed prior to 
4:00 p.m. eastern standard time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or by E.O 13850 that are ordinarily incident and necessary to the 
wind down of financial contracts or other agreements that were entered 
into prior to 4:00 p.m. eastern standard time on January 28, 2019, 
involving, or linked to, PdVSA securities are authorized. This 
authorization is valid through 12:01 a.m. eastern daylight time, 
September 30, 2019.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section l(a)(iii) of E.O. 
13808 or by E.O. 13850 that are ordinarily incident and necessary to 
dealings in any bonds that were issued prior to August 25, 2017 (the 
effective date of E.O. 13808) by the following entities or any of their 
subsidiaries, are authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB

    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to E.O. 13850, including 
Banco Central de Venezuela, PdVSA, or any entity in which PdVSA or 
Banco Central de Venezuela owns, directly or indirectly, a 50 percent 
or greater interest; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, PdVSA securities, 
other than purchases of or investments in PdVSA securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of holdings in PdVSA securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e); or
    (2) Any transaction that is otherwise prohibited under Executive 
Order 13850 of November 1, 2018, 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, 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 involving Banco Central de Venezuela, PdVSA, or any 
entity in which PdVSA or Banco Central de Venezuela owns, directly or 
indirectly, a 50 percent or greater interest described in this general 
license.
    (h) Effective April 17, 2019, General License No. 9C, dated March 
8, 2019, is replaced and superseded in its entirety by this General 
License No. 9D.

Andrea Gacki,
Director, Office of Foreign Assets Control


[[Page 62026]]


    Dated: April 17, 2019

Annex--Bonds Described in Paragraph (a) of General License 9D

    List of Bonds Described in Paragraph (a) of General License 9D, as 
of April 17, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

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 9E

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Section 
1(a)(iii) of Executive Order (E.O.) 13808 or by E.O. 13850, as amended 
by E.O. 13857 of January 25, 2019, or by E.O. of August 5, 2019 that 
are ordinarily incident and necessary to dealings in any debt 
(including the bonds listed on the Annex to this general license, 
promissory notes, and other receivables) of, or any equity in, 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest, 
issued prior to August 25, 2017 (the effective date of E.O. 13808) 
(together, PdVSA securities), are authorized, provided that any 
divestment or transfer of, or facilitation of divestment or transfer 
of, any holdings in such PdVSA securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or by E.O. 13850, each as amended, or by E.O. of August 5, 2019, 
that are ordinarily incident and necessary to facilitating, clearing, 
and settling trades of holdings in PdVSA securities are authorized, 
provided such trades were placed prior to 4:00 p.m. eastern standard 
time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or by E.O 13850, each as amended, or by E.O. of August 5, 2019, 
that are ordinarily incident and necessary to the wind down of 
financial contracts or other agreements that were entered into prior to 
4:00 p.m. eastern standard time on January 28, 2019, involving, or 
linked to, PdVSA securities are authorized. This authorization is valid 
through 12:01 a.m. eastern daylight time, September 30, 2019.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808, as amended, by E.O. 13850, as amended, or by E.O. of August 5, 
2019 that are ordinarily incident and necessary to dealings in any 
bonds that were issued prior to August 25, 2017 (the effective date of 
E.O. 13808) by the following entities or any of their subsidiaries, are 
authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.
 Nynas AB

    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to E.O. 13850, as amended, 
or E.O. of August 5, 2019; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly,

[[Page 62027]]

PdVSA securities, other than purchases of or investments in PdVSA 
securities (including settlement of purchases or sales that were 
pending on January 28, 2019) that are ordinarily incident and necessary 
to the divestment or transfer of holdings in PdVSA securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e); 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, 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 involving 
Government of Venezuela, including Banco Central de Venezuela, PdVSA, 
or any entity in which PdVSA owns, directly or indirectly, a 50 percent 
or greater interest that are described in this general license.
    (h) Effective August 5, 2019, General License No. 9D, dated April 
17, 2019, is replaced and superseded in its entirety by this General 
License No. 9E.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: August 5, 2019

Annex--Bonds Described in Paragraph (a) of General License 9E

    List of Bonds Described in Paragraph (a) of General License 9E, as 
of August 5, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13808 of August 24, 2017

Imposing Additional Sanctions With Respect to the Situation in 
Venezuela

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 9F

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Section 
1(a)(iii) of Executive Order (E.O.) 13808 or by E.O. 13850, as amended 
by E.O. 13857 of January 25, 2019, or by E.O. 13884 that are ordinarily 
incident and necessary to dealings in any debt (including the bonds 
listed on the Annex to this general license, promissory notes, and 
other receivables) of, or any equity in, Petr[oacute]leos de Venezuela, 
S.A. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, 
a 50 percent or greater interest, issued prior to August 25, 2017 (the 
effective date of E.O. 13808) (together, PdVSA securities), are 
authorized, provided that any divestment or transfer of, or 
facilitation of divestment or transfer of, any holdings in such PdVSA 
securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or by E.O. 13850, each as amended, or by E.O. 13884, that are 
ordinarily incident and necessary to facilitating, clearing, and 
settling trades of holdings in PdVSA securities are authorized, 
provided such trades were placed prior to 4:00 p.m. eastern standard 
time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808 or by E.O 13850, each as amended, or by E.O. 13884, that are 
ordinarily incident and necessary to the wind down of financial 
contracts or other agreements that were entered into prior to 4:00 p.m. 
eastern standard time on January 28, 2019, involving, or linked to, 
PdVSA

[[Page 62028]]

securities are authorized. This authorization is valid through 12:01 
a.m. eastern daylight time, March 31, 2020.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Section 1(a)(iii) of E.O. 
13808, as amended, by E.O. 13850, as amended, or by E.O. 13884 that are 
ordinarily incident and necessary to dealings in any bonds that were 
issued prior to August 25, 2017 (the effective date of E.O. 13808) by 
the following entities or any of their subsidiaries, are authorized:

     PDV Holdings, Inc.
     CITGO Holdings, Inc.
     Nynas AB

    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to E.O. 13850, as amended, 
or E.O. 13884; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, PdVSA securities, 
other than purchases of or investments in PdVSA securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of holdings in PdVSA securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any part of 
31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and 
(e); 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, 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 involving 
Government of Venezuela, including Banco Central de Venezuela, PdVSA, 
or any entity in which PdVSA owns, directly or indirectly, a 50 percent 
or greater interest that are described in this general license.
    (h) Effective September 30, 2019, General License No. 9E, dated 
August 5, 2019, is replaced and superseded in its entirety by this 
General License No. 9F.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: September 30, 2019

Annex--Bonds Described in Paragraph (a) of General License 9F

    List of Bonds Described in Paragraph (a) of General License 9F, as 
of September 30, 2019:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
SE0005994167..........................  EK3410280.................  Nynas AB.................  STIB3M +750.0............      06/26/2014      06/26/2018
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR part 591

GENERAL LICENSE NO. 9G

Authorizing Transactions Related to Dealings in Certain Securities

    (a) Except as provided in paragraphs (f) and (g) of this general 
license, all transactions and activities prohibited by Subsection 
1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017 or by E.O. 
13850 of November 1, 2018, each as amended by E.O. 13857 of January 25, 
2019, or by E.O. 13884 of August 5, 2019, as collectively incorporated 
into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), 
that are ordinarily incident and necessary to dealings in any debt 
(including the bonds listed on the Annex to this general license, 
promissory notes, and other receivables) of, or any equity in, 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which 
PdVSA owns, directly or indirectly, a 50 percent or greater interest, 
issued prior to August 25, 2017 (the effective date of E.O. 13808) 
(together, ``PdVSA Securities''), are authorized, provided that any 
divestment or transfer of, or facilitation of divestment or transfer 
of, any holdings in such PdVSA Securities must be to a non-U.S. person.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest to 
a non-U.S. person PdVSA Securities, including on behalf of U.S. 
persons.
    (c) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Subsection 1(a)(iii) of 
E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as 
collectively incorporated into

[[Page 62029]]

the VSR, that are ordinarily incident and necessary to facilitating, 
clearing, and settling trades of holdings in PdVSA Securities are 
authorized, provided such trades were placed prior to 4:00 p.m. eastern 
standard time on January 28, 2019.
    (d) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Subsection 1(a)(iii) of 
E.O. 13808 or by E.O 13850, each as amended, or by E.O. 13884, as 
collectively incorporated into the VSR, that are ordinarily incident 
and necessary to the wind down of financial contracts or other 
agreements that were entered into prior to 4:00 p.m. eastern standard 
time on January 28, 2019, involving, or linked to, PdVSA Securities are 
authorized. This authorization is valid through 12:01 a.m. eastern 
daylight time, March 31, 2020.
    (e) Except as provided in paragraph (g) of this general license, 
all transactions and activities prohibited by Subsection 1(a)(iii) of 
E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as 
collectively incorporated into the VSR, that are ordinarily incident 
and necessary to dealings in any bonds that were issued prior to August 
25, 2017 (the effective date of E.O. 13808) by the following entities 
or any of their subsidiaries, are authorized:

 PDV Holdings, Inc.
 CITGO Holdings, Inc.

    (f) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, PdVSA 
Securities to, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to the VSR; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, PdVSA Securities, 
other than purchases of or investments in PdVSA Securities (including 
settlement of purchases or sales that were pending on January 28, 2019) 
that are ordinarily incident and necessary to the divestment or 
transfer of holdings in PdVSA Securities.
    (g) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to the VSR, or 
any other part of 31 CFR chapter V, except as authorized by paragraphs 
(a), (c), (d), and (e); or
    (2) 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 persons other than transactions or 
activities involving Government of Venezuela, including Banco Central 
de Venezuela, PdVSA, or any entity in which PdVSA owns, directly or 
indirectly, a 50 percent or greater interest, that are described in 
this general license.
    (h) Effective May 12, 2020, General License No. 9F, dated September 
30, 2019, is replaced and superseded in its entirety by this General 
License No. 9G.

Andrea Gacki,
Director, Office of Foreign Assets Control

    Dated: May 12, 2020

Annex--Bonds Described in Paragraph (a) of General License No. 9G

    List of Bonds Described in Paragraph (a) of General License No. 9G, 
as of May 12, 2020:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                              CUSIP                   Issuer name                    Cpn               Issue date       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954..........................  EG3110533.................  Petroleos de Venezuela SA  5.375....................       4/12/2007       4/12/2027
XS0294367205..........................  EG3110772.................  Petroleos de Venezuela SA  5.5......................       4/12/2007       4/12/2037
USP7807HAK16..........................  EI4173619.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AB79..........................  716558AB7.................  Petroleos de Venezuela SA  8.5......................      10/29/2010       11/2/2017
US716558AC52..........................  716558AC5.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
USP7807HAM71..........................  EI5787318.................  Petroleos de Venezuela SA  12.75....................       2/17/2011       2/17/2022
US716558AD36..........................  716558AD3.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAP03..........................  EI8799468.................  Petroleos de Venezuela SA  9........................      11/17/2011      11/17/2021
USP7807HAQ85..........................  EJ1968233.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
US716558AE19..........................  716558AE1.................  Petroleos de Venezuela SA  9.75.....................       5/17/2012       5/17/2035
USP7807HAR68..........................  EJ9776299.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
US716558AF83..........................  716558AF8.................  Petroleos de Venezuela SA  6........................      11/15/2013      11/15/2026
USP7807HAT25..........................  EK2909308.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
US716558AG66..........................  716558AG6.................  Petroleos de Venezuela SA  6........................       5/16/2014       5/16/2024
XS1126891685..........................  JV9618804.................  Petroleos de Venezuela SA  6........................      10/28/2014      10/28/2022
USP7807HAV70..........................  QZ9940003.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
US716558AH40..........................  716558AH4.................  Petroleos de Venezuela SA  8.5......................      10/28/2016      10/27/2020
USG70415AC18..........................  DD0110070.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
US71676QAE61..........................  71676QAE6.................  Petrozuata Finance Inc...  8.37.....................       6/27/1997       10/1/2022
USG2025MAB75..........................  CP5100153.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
US156877AC63..........................  156877AC6.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
USG2025MAC58..........................  CP5100211.................  Cerro Negro Finance Ltd..  8.03.....................       6/18/1998        6/1/2028
US156877AB80..........................  156877AB8.................  Cerro Negro Finance Ltd..  7.9......................       6/18/1998       12/1/2020
XS0356521160..........................  EH2888749.................  CA La Electricidad de      8.5......................       4/10/2008       4/10/2018
                                                                     Caracas.
--------------------------------------------------------------------------------------------------------------------------------------------------------


Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-22197 Filed 10-12-22; 8:45 am]
BILLING CODE 4810-AL-P