Donald Trump announced the termination of Chevron’s oil agreement with Venezuela, citing Maduro’s failure to meet commitments and not promptly returning violent criminals. Venezuelan officials criticized the decision, describing it as damaging. Trump aims to reverse concessions made by the Biden administration regarding oil operations and electoral conditions.
Former President Donald Trump announced the termination of Chevron’s oil agreement with Venezuela, citing that the country had not fulfilled its commitments. In his Truth Social post, Trump criticized the Biden administration for its 2022 concessions to Venezuelan President Nicolás Maduro concerning oil operations and failed electoral conditions. He asserted that Maduro’s government had not adequately returned violent criminals to the United States as agreed upon. Therefore, Trump ordered the cancellation of the “Biden Concession Agreement” by the March 1 renewal date.
Venezuelan Vice President Delcy Rodriguez responded, labeling Trump’s decision as “inexplicable” and detrimental, stating it was a major misstep by the U.S. government. She claimed that announcing sanctions on Chevron would cause further damage and questioned the rationale behind such actions. Additionally, U.S. Secretary of State Marco Rubio indicated on social media his intention to repeal all Biden-era licenses that have supported the Maduro regime.
Chevron, a significant player in Venezuela’s oil sector, currently exports approximately 240,000 barrels of crude oil daily, representing more than a quarter of the nation’s total production. Since retaking office, Trump has emphasized that the United States is not dependent on Venezuelan oil and has hinted at potential revocations of Chevron’s operating license. During his previous administration, Trump had implemented a strict sanctions policy aimed at crippling Maduro’s energy operations.
In conclusion, Donald Trump’s decision to terminate Chevron’s oil agreement with Venezuela marks a significant policy shift aimed at exerting pressure on Nicolás Maduro’s government. This reversal demonstrates Trump’s commitment to addressing perceived shortcomings in the previous administration’s diplomatic agreements. The reactions from Venezuelan officials illustrate the contentious nature of U.S.-Venezuela relations, particularly concerning energy sanctions and the flow of oil.
Original Source: www.foxbusiness.com
