United States===Office of Foreign Assets Control

The United States===Office of Foreign Assets Control (OFAC) is the United States government agency responsible for implementing and enforcing the sanctions. It published the 'Specially Designated Nationals and Blocked Persons List' detailing the individuals and entities whose assets are frozen.

The United States===Office of Foreign Assets Control (OFAC) is the U.S. Treasury department agency responsible for authorizing companies to explore and pump for crude oil and natural gas in Venezuela. OFAC has already issued licenses for loading, selling, transporting, storing, and refining Venezuelan oil, and for the sale of U.S. diluents.

The United States===Office of Foreign Assets Control (OFAC) issued general licenses to BP, Chevron Corporation, Eni, Repsol, and Shell plc, authorizing their involvement in Venezuela's oil and gas sector. OFAC also issued a second license permitting companies to negotiate for potential contracts for investments in Venezuela.

The United States===Office of Foreign Assets Control (OFAC) is responsible for administering and enforcing U.S. sanctions against Lukoil. OFAC's approval is a mandatory condition for any transaction involving Lukoil's foreign assets, and it has previously blocked other potential deals.

The United States===Office of Foreign Assets Control issued the general license to Reliance Industries, authorizing the purchase, exportation, and sale of Venezuelan-origin oil.