OFAC GENERAL LICENSEActiveMinerals
GL 55
GL 55 — Services to the Venezuelan Mining Sector
Issued
Mar 27, 2026
Expiration
No expiration
Authorized entity
Servicers del sector minero
Type
General
Scope
Complements GL 54 authorizing technical services, heavy equipment, and environmental consulting to the Venezuelan mining sector.
Authorized activities
- ·Suministro de equipos mineros
- ·Consultoría geológica y ambiental
- ·Logística minera
VENE · ECONOMIST Analysis
- Fact
- GL 55 (27 de marzo de 2026) cierra el círculo de servicers mineros (Caterpillar, SRK, Komatsu) similar a lo que GL 47 hizo en energía.
- Implication
- La cadena de suministro minera VE puede modernizarse después de 7 años de operación con equipo amortizado. Productividad ascendente esperada en 12-24 meses.
- Indicator to monitor
- Anuncios de contratos servicers mineros en VE. Imports de maquinaria pesada por puerto de Puerto Ordaz.
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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