Washington, Sept. 29 -- The United States has revised three Venezuela sanctions licences to list methanol among the petrochemical products covered by authorisations for certain oil trade, supplies and preliminary investment negotiations.

The Treasury Department's Office of Foreign Assets Control (OFAC) issued General Licences 46E, 48D and 49B as replacements for previous versions. A comparative review shows that methanol has been added across five tariff classifications within the chemical annex of each licence, while the primary permissions and restrictions remain largely unchanged.

The amendments do not constitute a broad removal of sanctions against Venezuela. They also do not announce any commercial shipments or investments, or prov...