GL 52
GL 52 — Specific Transactions Involving PDVSA
Issued
Mar 18, 2026
Expiration
No expiration
Authorized entity
PDVSA y subsidiarias mayoritarias
Type
General
Scope
Authorizes specific transactions with PDVSA and its majority-owned subsidiaries necessary for the execution of the GL 46B/50A regime: settlement of legacy accounts receivable, pre-2019 contract settlement, transfers between authorized accounts.
Authorized activities
- ·Settlement de cuentas legacy
- ·Pagos de royalties y working interests pre-2019
Prohibited activities
- ·Transferencias de capital fresco sin autorización GL 46B
VENE · ECONOMIST Analysis
- Fact
- GL 52 (18 de marzo de 2026) provee la plomería operativa que las GL 46B/50A necesitan: sin GL 52 no hay forma de cerrar contracts ni liquidar receivables atrapados desde 2019.
- Implication
- Hay un universo estimado en $3-5B de cuentas por cobrar de IOCs contra PDVSA del período 2017-2024 que ahora pueden liquidarse. Eso es liquidez que entra al sistema venezolano sin nuevo capex.
- Indicator to monitor
- Disclosures 10-Q de Chevron, Eni, Repsol con write-backs de provisiones VE. Volumen settlements registrados.
Official source
This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.
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