( January 30, 2026, 1:22 PM EST) -- WASHINGTON, D.C. — The U.S. Office of Foreign Asset Control (OFAC) on Jan. 29 issued a general license authorizing transactions for sales of oil and oil-related assets belonging to the Bolivarian Republic of Venezuela and its affiliates, which is required due to U.S. sanctions against Venezuela, representing a key step for pending litigation in Delaware federal court where a $5.8 billion bid for Venezuela’s holdings in CITGO Petroleum Corp. was approved, pending appeal before the Third Circuit U.S. Court of Appeals....