The business environment in Venezuela is rapidly evolving, creating new opportunities for U.S. firms willing to navigate this unique market. The reestablishment of diplomatic relations between the U.S. and Venezuela and the recent issuance of a series of new general licenses by the Department of Treasury’s Office of Foreign Assets Control (OFAC) are creating new possibilities for U.S. commercial engagement. U.S. firms interested in Venezuela should be aware of both the opportunities and challenges presented by the market. While the operating environment requires careful navigation of sanctions and export controls, many forms of commercial engagement remain permissible.
This webinar series will help U.S. firms better understand emerging business opportunities in Venezuela across several critical sectors, which may include: oil and gas, electrical equipment, information and communication technologies (ICT), healthcare, and mining. The series will include a session dedicated to understanding how to comply with U.S. sanctions and export controls, including recent changes and issuance of new general licenses. The series also includes a session dedicated to strategies for navigating the risks and challenges present in the Venezuelan market, including securing payment and financial system considerations. Attendees will hear from U.S. diplomats, U.S. and Venezuelan government officials, and private sector experts to help them better assess market opportunities and craft a market entry strategy. U.S. exports to Venezuela totaled $3 billion in 2025 with sanctions in place. As additional general licenses are issued, export opportunities are expected to grow significantly.
Take advantage of this opportunity and learn about:
· Best prospect sectors and upcoming project and sales opportunities in Venezuela
· U.S. sanctions and export controls and how to navigate the licensing process
· Strategies for mitigating market risks and securing payment
· U.S. government international trade contacts to support your international sales growth
· Local resources available to support your business
COST: The cost per webinar is $25.
Webinar Schedule
Elizabeth Urbanas
Deputy Assistant Secretary for Asia and the Americas @ Office of International Affairs - U.S. Department of Energy
Beth Urbanas is the Deputy Assistant Secretary for Asia and the Americas at the Office of International Affairs in the U.S. Department of Energy. Ms. Urbanas is responsible for managing DOE’s bilateral and multilateral engagement with Asian and American countries. She is also responsible for DOE's work in several multilateral fora including the North American Leaders' Summit, the Energy and Climate Partnership of the Americas, and APEC. Ms. Urbanas has also been a lead negotiator in the USMCA and the Indo-Pacific Economic Framework focusing on Energy and Clean Economy. Prior to her current position, she was the Director for European and Eurasian Affairs at the Office of International Affairs in the U.S. Department of Energy. In this role she was also responsible for DOE's work in the G20 and G7.
Prior to working at DOE, Ms. Urbanas spent 14 years at the U.S. Treasury Department where she created and directed the Office of Environment and Energy. She was also instrumental in the design of the Climate Investment Funds and the Green Climate Fund, where she represented the United States on the boards. She also represented the United States and sat on the boards of several other international organizations including the Global Environment Facility, the Millennium Challenge Corporation and the World Bank. Ms. Urbanas represented the United States in the UNFCCC Climate Negotiations from 2007 to 2013 in the finance channel. She started her career in investment management on Wall Street and has also held a staff position at the World Bank. Ms. Urbanas has a B.A. from the College of William and Mary, an M.A. from the State University of New York at Albany, and an M.B.A from George Mason University.
Matthew Cline
Director for American Affairs @ Office of International Affairs - U.S. Department of Energy
Matthew Cline is the Director of the Office of American Affairs at the United States Department of Energy (DOE). In this position, Mr. Cline oversees initiatives to improve the energy security of the United States and its allies and partners in the Americas, foster collaborative energy R&D and deployment activities and partnerships, and to encourage energy investment and trade that will strengthen economic competitiveness.
Prior assignments with DOE have included the Office of European and Eurasian Affairs; Energy Advisor to U.S. European Command (EUCOM) in Stuttgart, Germany, where he advised EUCOM senior leadership and staff on a broad range of strategic energy and nuclear issues; and Economist with DOE’s Energy Information Administration (EIA), where he was a senior expert on global oil markets.
Mr. Cline holds a Master of Arts Degree in European Studies from the Elliot School of International Affairs at George Washington University and Bachelor of Arts Degrees in Political Science and International Affairs from Oregon State University.
Cristina Tovar Leopardi
Executive President @ Venezuela Hydrocarbons Association
A corporate and tax lawyer in the private sector, Ms. Tovar has over 35 years of experience in tax consulting, corporate strategic planning, administrative and judicial procedures in tax matters, foreign investments, exchange regulations, corporate law, with main clients related to the automotive sector, industrial production, services and the aeronautical sector, and the hydrocarbon sector.
She graduated (JD) from the Andrés Bello Catholic University in 1988. She studied a Specialization in Tax Law at the Central University of Venezuela (1991); a Master’s degree (LLM) from Boston University in International Banking Law and Financial Services Regulations (1994), and obtained a Master of Public Policy and Administration and International Taxes (ITP/MPA) from Harvard University (John. F. Kennedy School of Law and School of Government (1997). Ms. Tovar was awarded the Lucius Littauer Award from Harvard University (KSG) and was a Fundayacucho scholarship recipient.
Completed the Hydrocarbon and Natural Gas Management Programs at IESA, and the Diploma in ‘International Tax Law and Negotiation of Double Taxation Agreements’ at UCAB.
As part of experience in public policy consultancy, Ms. Tovar worked on consulting projects with Harvard Institute for International Development (HIID), in Income Tax, VAT, Tax on Fixed Assets, Specific Tax on Alcohol and reform and restructuring of Tax and Customs Administrations (in Mexico, Indonesia, Sri -Lanka, Kenya, Zambia and Puerto Rico).
David Fogel
Assistant Secretary of Commerce for Global Markets and Director General @ U.S. Foreign Commercial Service
David L. Fogel serves as the Assistant Secretary of Commerce and Director General of the United States and Foreign Commercial Service for the International Trade Administration (ITA) at the U.S. Department of Commerce. In this role, Mr. Fogel leads ITA’s Global Markets business unit dedicated to commercial diplomacy, commercial advocacy, export promotion, and foreign direct investment, with more than a thousand trade professionals across hundreds of offices globally.
Mr. Fogel’s previous public service includes his 2020 appointment as Senior Advisor and Chief Business Development Officer in the Office of the Under Secretary of State for Economic Growth, Energy, and the Environment at the U.S. Department of State. He was subsequently nominated by President Donald J. Trump during his first term as Assistant Secretary of State for Economic and Business Affairs. Prior to his role at the State Department, Mr. Fogel was appointed as Chief of Staff at the Export-Import Bank of the United States (EXIM). At both the State Department and EXIM, Mr. Fogel advocated for U.S. business interests around the world.
In the private sector, Mr. Fogel has built and sold three FinTech companies: NCCS/Coinmint, a crypto mining company, where he served as Chief Executive Officer; IndexIQ, an indexing and ETF company, where he served as Co-Founder and President; and SmartPortfolio.com, where he served as Co-Founder and Vice President. Mr. Fogel began his career as a corporate attorney at Sullivan & Cromwell LLP.
Mr. Fogel received a B.S.F.S., summa cum laude and Phi Beta Kappa, from the Georgetown University School of Foreign Service, a J.D., magna cum laude and Order of the Coif, from Georgetown University Law Center, and an M.B.A. from the Georgetown University McDonough School of Business. He also has served as an Adjunct Professor in Entrepreneurship at the Georgetown University Law Center and on the Advisory Board of the McCourt School of Public Policy at Georgetown.
David Voght
Managing Director @ IPD Latin America
Félix Ramón Plasencia González
Chargé d'Affaires @ Embassy of Venezuela
This site uses cookies to provide essential functionalit and, to help us understand how people find and use the site.
Select Accept to consent or Reject to decline non-essential cookies for this use.