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U.S. Sanctions Bluwaves Properties Over Venezuela Oil Stake

8/18/2026

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Summary

Story summary

The United States imposed Venezuela-related sanctions on Bluwaves Properties Limited, a British Virgin Islands entity, on August 18, 2026.
Bluwaves Properties Limited was formerly owned by U.S. energy magnate Harry Sargeant III.
The company held a minority stake in North American Blue Energy Partners, Venezuela’s second-largest private oil producer.
The Treasury Department posted a notice about the sanctions on its website on Tuesday.

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Story summary

The United States imposed Venezuela-related sanctions on Bluwaves Properties Limited, a British Virgin Islands entity, on August 18, 2026.
Bluwaves Properties Limited was formerly owned by U.S. energy magnate Harry Sargeant III.
The company held a minority stake in North American Blue Energy Partners, Venezuela’s second-largest private oil producer.
The Treasury Department posted a notice about the sanctions on its website on Tuesday.