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Chevron Was Licensed to Resume Operations in Venezuela

Summary by Portafolio.co
According to the Council it presents a "significant" opportunity to improve the "exchange dynamics".
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The U.S. government authorized that the oil company of that country, Chevron, continue operations in Venezuela, action that was well received by the Venezuelan president, Nicolás Maduro. In an analysis for Sputnik, the energy expert, Werther Sandoval, analyzed the news from a clear premise: «Chevron has never left». Agencies / EL LIBERTADOR Sputnik. Venezuela’s president, Nicolás Maduro, welcomed the recent authorization granted by the U.S. gove…

The director of the Latin American Association of Petroleum Entrepreneurs in Texas, Alejandro Terán, denied that Venezuela is “gifting oil” to the United States (USA) after the reactivation of agreements with Chevron. “That’s what anyone who speaks from rage says, not from anger.

The news of Chevron’s return to Venezuela, released this Thursday by U.S. media, has sparked mixed opinions among economists, politicians and analysts within the country. The decision, which comes after intense negotiations between Washington, Caracas and El Salvador, promises to reactivate the delicate Venezuelan oil industry, but also raises questions about its political implications and the future of the country.

According to the Council it presents a "significant" opportunity to improve the "exchange dynamics".

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Portafolio.co broke the news in on Sunday, July 27, 2025.
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