OFAC Reorganizes Licenses for Oil and Mining in Venezuela to Resolve Incompatibilities
The OFAC on Wednesday modified seven general licenses it had issued regarding hydrocarbons and mining in Venezuela.
The OFAC on Wednesday modified seven general licenses it had issued regarding hydrocarbons and mining in Venezuela.
On Tuesday, June 9, a major military deployment began in the mining areas of Bolívar state.
The Legislative Branch signals regulated openings for national and foreign investors. Photo: X / @Asamblea_Ven. Guacamaya, March 17, 2026. The National…
Venezuela is at a turning point in its mining sector: after years of informal gold trade routes and international sanctions, the country is implementing a series of legal reforms, institutional reorganizations, and strategic agreements with international actors such as Trafigura. Acting President Delcy Rodríguez seeks to modernize the Mining Law, formalize artisanal mining, and attract foreign investment, while the United States pressures for lower royalties and to ensure security in extraction zones. With safe corridors, corporate mergers, and responsible sourcing schemes, Venezuelan gold is once again becoming a focal point of geopolitics and the global economy.
Doug Burgum’s visit to Caracas might seem, at first glance, a strange move within U.S. diplomacy.
A silent battle is raging worldwide for critical minerals. And there, in the heart of the Guiana Shield, Venezuela holds a piece that could alter the hemispheric security chessboard. We are talking about gallium.
On April 11, Nicolás Maduro restructured the board of directors for the Central Bank of Venezuela (BCV) following the resignation of two of its members. The institution is now chaired by Laura Carolina Guerra, while the Minister of Finance and Economy, Anabel Pereira, is the new representative of the national executive on the board.