OFAC has created a new investment framework for Venezuelan assets, supported by the U.S. and involving Curaçao.

The entities involved

• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26
• Curaçao →

  island state in the Caribbean, part of the Kingdom of the Netherlands

  • The Kingdom of the Netherlands, comprising entities like Aruba, Curaçao, and Sint Maarten, is detailed, including the co-hosting of a climate conference in Colombia.Mon 16:13
  • Dutch State funds held at CBCS are affecting monetary union reserves.Mon 16:02
• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37

Related events

• Global Oil's project viability was tied to access through Curaçao, while CRU sought to influence U.S. policy regarding Venezuela.Sep 9
• AEC is seeking upstream investment in Venezuela and deepening its strategic partnership with the country.Aug 7
• PDVSA operates within the Venezuelan state structure.Jun 18
• A dialogue was held concerning macroeconomic prospects and policy priorities involving Venezuela, the IMF, and the Central Bank.Jul 30
• The Trump administration guided economic transition in Venezuela, while CAF and IRC discussed funding recovery efforts.Jul 13