US EditionTrump Reverses Course on Venezuela, Revoking Biden-Era Oil Deal
- The Trump administration revoked Chevron's oil license for Venezuela, effective March 1, 2025, reversing concessions made by the Biden administration in November 2022.
- President Trump stated the revocation was due to electoral conditions not being met by the Maduro regime.
- Venezuelan officials criticized the decision, claiming it would harm both Venezuela and the U.S. economy while asserting Maduro's regime remains resilient.
- Economists estimate that the end of Chevron's operations could cost Venezuela $4 billion in revenue by 2026.
158 Articles
158 Articles
OFAC License Renews, Chevron To Continue Operating in Venezuela - teleSUR English
General license No. 41, issued by the US Office of Foreign Assets Control (OFAC), was automatically renewed on Saturday, allowing the US oil company Chevron to continue conducting a group of operations in Venezuela. RELATED: Venezuela Condemns U.S. Cancellation of Chevron’s License On 25 February, President Trump declared that he would end the oil export licenses authorized by Biden. He stressed that they will cease to be effective from 1 March,…
Venezuelan oppo leader joins Cuban-born GOP lawmaker praising Trump for canceling Biden-Maduro oil deal
After President Donald Trump nixed an oil deal between the U.S. and Venezuela forged by the Biden administration, Rep. Carlos Gimenez, R-Fla., headlined a conference with Venezuelan opposition leader Juan Guaidó in Miami.
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