Venezuela's socialist regime on Wednesday criticised President Donald Trump's decision to revoke the oil license granted to California-based Chevron, allowing it to operate in Venezuela, deeming it “harmful and inexplicable.”
Former President Biden has confirmed Chevron license In November 2022, the company resumed oil production in Venezuela, allowing it to sell Venezuelan oil in the American market. The license, which appeared on the expire shortly after being renewed every six months after its publication, allowed Chevron to operate in Venezuela despite oil sanctions imposed during his first term. 2019.
President Trump writes true socially post On Wednesday, it announced the imminent end of its licenses scheduled for Saturday, March 1, in response to administrations that are not transporting Venezuela and Venezuelan criminals to their home countries.
“We are reversing the concessions Joe Biden gave to Venezuela's Nicolas Maduro in the oil trading agreement dated November 26, 2022, and it also relates to the election conditions within Venezuela that are not met by the Maduro administration,” President Trump said.
“In addition, the administration is not transporting violent criminals they sent back to our country (good me 'America) at a rapid pace they agreed to. Therefore, as of the March 1st option, it is ordering that it ends to renew the invalid and unfulfilled Biden “concession contract.” Thank you for paying attention to this issue! “He continued.
Several members of the Venezuelan administration responded immediately to the announcement. Socialist dictator Nicholas Maduro without directly mentioning President Trump or Chevron's licenses; I said “Nationals and threats do not threaten the country.”
“No one should make a mistake with Venezuela. No one, no one will make a mistake with Venezuela again. Fascists seeking an attack on our country will receive justice. Justice must come to them,” Maduro said. “Venezuela cannot attack. Venezuela cannot be touched. Venezuela must be respected.”
Venezuela Vice President and Minister of Oil Delsy Rodriguez I insisted Her personal telegram account means that termination of the license is an attempt to “harm the people of Venezuelans” but instead “harm” the United States. Rodriguez also commonly poses questions about the US international investment regime.
“The constitutional government of Venezuela and its people are defiantly rejecting this kind of action, which was clearly demanded by this kind of extremists and failed opposition in the great unity of the nation,” Rodriguez said. “Venezuela emphasizes that these types of failed decisions have prompted a transition from 2017 to 2021, when it has achieved widely known results. Venezuela continues its path to inclusive economic recovery and ensures it with all creative efforts of its sovereignty and national independence.”
Minister of the Interior – and the drug lord who has been postponed for many years I wanted it US Authority – Diosdado Cabello I insisted He argued that the termination of the Chevron license would “impact the US economy,” and that actions such as removing oil licenses would be promoted by “extremist opposition” from the fraudulent administration.
“They can't do that, they can't. The people of Venezuela cannot be destroyed,” Cabello said. “Venezuela is facing multiple attacks and still stands. From electrical jamming to economic warfare, all attempts to destabilize have failed.”
The Biden administration's Chevron license expressly barred California-based companies from paying taxes or royalties to the Maduro administration or paying any kind of dividend to the Venezuelan national company PDVSA. Report The publication by Bloomberg in mid-January said the document reviewed by the outlet appears to indicate that in March 2024 it filed a tax return worth around $300 million in local currency to Venezuela revenue services.
The Chevron Oil License was part of the Biden administration's multi-year, failed efforts to persuade the Maduro administration to hold a “free and fair” presidential election in Venezuela. In October 2023, former President Biden gave Maduro a broad six-month oil and gas sanctions relief package that temporarily restored the administration's major revenue stream by allowing Venezuelan oil to be freely sold in the US and international markets. In return, Maduro provided the Biden administration with a vague list of promises to host a “free and fair” election in 2024.
Maduro was unable to support the terms of the contract and instead held a very fraudulent election on July 28, 2024.I won“We will illegally secure a six-year presidential term, which began on January 10th, 2025.
Christian K. Calzo is a Venezuelan writer and documents life under socialism. You can follow him on Twitter here.
