OFAC Revokes Venezuela-Related General License

The Treasury’s Office of Foreign Assets Control revoked Venezuela General License 13E, which authorized certain transactions involving Nynas AB, a joint venture between biofuel producer Neste and Petroleos de Venezuela, according to a May 12 notice. The license was scheduled to expire May 14 (see 2004030043). OFAC also updated General Licenses 3H and 9G to remove references to Nynas AB. The agency also made “conforming technical updates” to two frequently asked questions to reflect the revocation of the license.