OAN Staff James Meyers
4:40pm – Tuesday, March 4th, 2025
The Trump administration announced Tuesday that Chevron had been given 30 days to halt oil production in Venezuela. Because socialist President Nicholas Maduro is no longer making progress in election reform and immigration interests.
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The latest announcement is a full 180 since January when the White House appeared to be progressing in Maduro, overturning Biden-era licences that allow oil Titans to operate in Venezuela despite US sanctions.
In January this year, Maduro was sworn in for his third six-year term, but was appointed to his third term despite credible evidence of widespread protest from the nation's citizens, indicating that he had lost the election. He was declared the winner of the country's presidential election on July 28th.th by election officials under the strict control of the ruling socialist party.
However, the opposition claimed that they themselves tallied the votes, and found that their candidate, Edmundo Gonzalez, won the election with 67% against 30% of Maduro.
The Trump administration continues to seek Venezuela's fairness and accountability in regards to the election in Venezuela, and has been forced by Maduro to reclaim the illegal aliens of Venezuela who lived in the United States after it entered illegally during the Biden administration.
The Treasury gave it to US-based oil giant Chevron on April 3rd.rd Deadline for raising stakes – This is much faster than the usual six-month decline period.
“Closing Chevron's operations in a month is almost impossible task,” said Jeff Ramsey, a senior fellow at the Atlantic Council in Washington. Bloomberg. “We are confident that if new terms are negotiated, we will be managing the space for license renewal in April.”
Chevron later said in a statement that its operations in Venezuela comply with all laws and regulations, including US sanctions imposed in Trump's previous period.
“We are aware of the President's orders and will adhere to any direction given by the US Treasury to implement those instructions,” a Chevron spokesperson said. New York Post.
The deadline for Chevron's oil production in Venezuela could ultimately remove up to 200,000 barrels per day from the global market. Bloomberg.
Furthermore, the move will not immediately affect prices after an increase in production by the Petroleum Exporting Country (OPEC) while planning to increase production by 138,000 barrels per day in April.
Previous Republicans have criticized the Biden administration's immunity, emphasizing that Chevron is the backbone of Maduro's managed economy.
Additionally, in January, Trump sent out Richard Grenell, the special envoy of the White House, to meet Maduro in the Venezuelan capital of Caracas. After a trip with Grenell, the White House took home six of at least 13 Americans who were unfairly imprisoned in Venezuela.
After diplomatic talks with Trump administration officials, Maduro appears to have realized that he is no longer dealing with weak American leaders such as former President Biden.
He quickly agreed to send two planes to a military base in Texas, and to pick up an illegal alien in Venezuela, USA, and a third jet to retrieve more citizens from Honduras.
However, flights were eventually suspended in late February as Trump expressed his desire to kill the Biden administration's immunity.
“We are reversing the concessions Joe Biden gave to Nicholas Maduro,” the president wrote in a true social post on February 26th.th.
47th The GOP president has argued that Maduro's party has not met fair election conditions and has not transported “violent criminals… at a rapid pace they agreed to.”
While Maduro is in power, about 8 million residents of Venezuela have left the country. Wall Street Journal.
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