INTEL
Status: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERSimar Chahal added — confirmedStatus: blockedCLUSTERArrakis Development added — likelyStatus: blockedCLUSTERExxon Global Distributor added — likelyStatus: pendingCORPUS427 entities · 63 countries
All Venezuela products

Crude oil in Venezuela

JurisdictionVenezuela
ProductCrude oil
Private tradeRESTRICTED

Restricted — government / monopoly route

PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.

Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.

Can private companies import Crude oil into Venezuela?
No. PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.
What license is typically required?
PDVSA state monopoly on crude production and export. US OFAC sanctions framework (Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, 13884) blocks PDVSA property and most transactions with US nexus.
Does OilFlow screen Crude oil counterparties against Venezuela rules?
Yes. The free /check screen and the Regulatory Matrix API both read this same rule row; a private Crude oil deal into Venezuela is flagged automatically when this page says blocked or restricted.

This rule is one row of the Regulatory Matrix API: 235 jurisdictions, product tradability, payment-term constraints, license requirements, from $99/mo. Checking a specific Crude oil counterparty in Venezuela? Run a free check first.