Donald Trump has announced the termination of Chevron’s Venezuela oil agreement, criticizing Nicolás Maduro for non-compliance with conditions, including the repatriation of violent criminals. Venezuelan officials reacted negatively, calling the decision inexplicable, while U.S. officials support the reversal of Biden-era concessions.
Former President Donald Trump announced his decision to terminate Chevron’s oil agreement in Venezuela, reversing a Biden-era grant that permitted Chevron’s operations. Trump critiqued Venezuelan President Nicolás Maduro for failing to comply with the agreed-upon conditions regarding oil transactions dated November 26, 2022. He emphasized that Maduro had not facilitated the return of violent criminals to the U.S. as stipulated in their agreements.
In summary, Trump’s termination of Chevron’s agreement represents a shift in U.S. foreign policy towards Venezuela, reflecting concerns over Maduro’s compliance with earlier commitments. Venezuelan officials have expressed confusion over the decision, while U.S. officials support the termination of licenses that benefit the Maduro regime. This policy shift underscores a renewed focus on sanctions against Venezuela’s energy sector.
Original Source: www.foxbusiness.com
