US EditionExpert Weighs in on Expiration of Chevron's General Oil License in Venezuela
- Chevron's general oil license in Venezuela expired on May 27, 2025, following a decision by the Trump administration in Washington, D.C.
- The expiration resulted from a policy shift led by hawkish U.S. Officials like Marco Rubio, who opposed commercial engagement with Venezuela, despite a pragmatist faction led by Richard Grenell.
- Chevron will maintain a narrow license permitting minimal maintenance of essential operations, keeping some infrastructure in Venezuela compliant with U.S. Sanctions regulations.
- State Department spokesperson Tammy Bruce remarked that the expiration of these permits would have a noticeable impact and characterized the decision as terminating all oil and gas authorizations granted under the Biden administration that had supported the Maduro government.
- This change could increase instability in Venezuela by the end of 2025 due to economic pressure on Nicolás Maduro's regime caused by reduced Chevron activity.
26 Articles
26 Articles
U.S. Defends the Cancellation of Chevron's License to Operate in Venezuela
After a confusing pull and slackening in recent weeks, the U.S. government license granted to oil company Chevron to produce in Venezuela expired at midnight from Tuesday to Wednesday. It was the only permission of a U.S. company to operate in the Andean country. “We are denying Venezuela any kind of funds that could lead to the oppression of the Venezuelan people,” says the deputy spokesman of the State Department, Mignon Houston, to explain th…
Vice President of Venezuela: Oil Fields Fully Producing Despite Revocation of US Licenses
The Venezuelan oil sector is fully producing despite the Trump administration’s revocation of Office of Foreign Assets Contol (OFAC) licenses granted earlier to foreign oil corporations to operate in Venezuela. “I want to announce that, despite the revocation of US licenses for transnational oil companies operating in the country on May 27, the Petroboscan, Petropiar, Petroindependencia, Petrojunin, Petrosucre, Petroquiriquire, Petroregional del…
Venezuela Is in Full Oil Production, Despite US Sanctions
Caracas. Production in Venezuela’s oil fields has not stopped despite the fact that the United States again applied sanctions to multinationals operating in the South American country, Venezuela’s Vice President, Delcy Rodríguez, said yesterday.
The United States Confirmed that Chevron’s License to Extract Oil From the Chavista Regime in Venezuela Ends Today
Tammy Bruce, spokesman for U.S. diplomacy, said Washington will continue to “deny any funding that Chavismo uses to oppress the Venezuelan people”
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