President Trump stated he will terminate the Biden-era “Concession Agreement” with Venezuela due to delays in deportations. He plans to reverse concessions from a prior oil agreement that allowed Chevron to operate in the country. Trump’s comments highlight ongoing issues with the Maduro regime and its electoral conditions.
President Donald Trump announced his decision to terminate the Biden-era “Concession Agreement” with Venezuela, citing the country’s delays in accepting deportees. In a statement shared on Truth Social, Trump expressed that the agreement, which could have been renewed on March 1st, was ineffective and unmet by Venezuela. He stated his intent to reverse the concessions related to the November 26, 2022 oil transaction agreement, which allowed Chevron to operate in Venezuela.
Trump’s remarks reflect on U.S. sanctions that have hindered Venezuela’s oil production, despite the nation possessing the largest oil reserves globally. While he did not specifically mention Chevron in his post, it is noted that no additional licenses were issued to the company that day, highlighting the intertwined decisions with President Nicolás Maduro’s administration.
In his post, Trump criticized the electoral conditions in Venezuela and asserted that the Maduro regime had not adhered to the concessions agreed upon by the Biden administration. He further emphasized that the regime had failed to promptly transport the violent criminals deported into the United States back to Venezuela, which was part of the agreement they reneged on.
In summary, President Trump has decided to terminate the existing “Concession Agreement” with Venezuela, highlighting concerns about the Maduro regime’s failure to meet deportation commitments. This move also signifies a broader critique of the Biden administration’s approach to Venezuela’s oil production and sanctions. The implications of this decision are crucial for future U.S.-Venezuela relations and the management of deportations.
Original Source: www.news10.com
