Venezuela · Regulatory
Crude oil in Venezuela
Restricted — government / monopoly route
PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.
Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.
Frequently asked
- Can private companies import Crude oil into Venezuela?
- No. PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.
- What license is typically required?
- PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.
- Does OilFlow screen Crude oil counterparties against Venezuela rules?
- Yes. The free /check screen and the Regulatory Matrix API both read this same rule row; a private Crude oil deal into Venezuela is flagged automatically when this page says blocked or restricted.
Other products in Venezuela
Before you structure a deal here
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