President Maduro: Trump is Doing the Damage to Chevron

Venezuela plans to maintain production in the oil blocs that until now operated alongside the U.S. company Chevron, near to cease operations in this country after Washington's revocation of its license, Venezuelan president Nicolás Maduro said Monday. On February 26, U.S. president Donald Trump announced the end of the license that the Office of Foreign Assets Control (Ofac) granted in November 2022 in the midst of the oil embargo imposed in 201…

President Maduro: Trump is Doing the Damage to Chevron

Venezuelan President Nicolás Maduro addressed the opinions of Mike Wirth, CEO of the US company Chevron, in which he warns the US about the risks of abandoning operations in the country, and said that the damage is being done to the US company itself. “Who asked for the sanctions and the damage to Chevron? What I’m asking for is more investment in Venezuela,” the president said, referring to extremist groups who make daily calls for internationa…

Venezuela will be able to continue to exploit the oil fields that must be abandoned by the American group Chevron, forced to cease operations in the country before 27 May due to the revocation of its licence by Washington, said Monday President Nicolás Maduro.

Venezuela plans to maintain production in the oil blocs that until now operated alongside the U.S. company Chevron, close to stopping operations in the country after Washington's revocation of its license, Nicolás Maduro said on Monday. On February 26, U.S. President Donald Trump announced [...]

The Venezuelan oil industry after years of little investment despite the immense flow of money it produced, collapsed with the sanctions imposed by the United States, breaking the heart of the Caribbean country’s economy highly dependent on crude oil and its derivatives. Now that Chevron has until May 27 to cease operations in that nation, uncertainty reigns over what is coming. Weather Ana María Rodríguez Brazón However Nicolás Maduro says tha…

Nicolás Maduro said the country will continue to operate in the camps left by the US.