Donald Trump has announced the termination of the Biden-era “Concession Agreement” with Venezuela, citing the regime’s failure to repatriate criminals and fulfill its commitments. This decision reverses concessions made in a previous agreement allowing Chevron to operate in Venezuela, amid ongoing tensions related to U.S. sanctions.
Former President Donald Trump has announced the termination of the Biden administration’s “Concession Agreement” with Venezuela due to the prolonged failure of the Venezuelan government to repatriate deportees. Via Truth Social, Trump declared, “I am therefore ordering that the ineffective and unmet Biden ‘Concession Agreement’ be terminated as of the March 1st option to renew. Thank you for your attention to this matter!” He emphasized the decision to reverse the concessions linked to the oil transaction agreement established on November 26, 2022.
This agreement allowed Chevron to resume oil extraction in Venezuela, a nation possessing the largest oil reserves worldwide. However, U.S. sanctions and insufficient investments have severely restricted Venezuela’s oil production capabilities. Although Trump’s post did not specifically name Chevron, reports indicated that no additional licenses were issued alongside Biden’s sanction relief.
Trump’s remarks also referred to the electoral conditions under President Nicolás Maduro, criticizing the regime’s failure to fulfill commitments made in the Biden agreement. He remarked, “Additionally, the regime has not been transporting the violent criminals that they sent into our Country (the Good Ole’ U.S.A.) back to Venezuela at the rapid pace that they had agreed to.” This assertion highlights ongoing tensions between the U.S. and Venezuela regarding criminal deportations.
In summary, Donald Trump’s announcement to terminate the Biden-era Concession Agreement with Venezuela stems from concerns over the country’s failure to repatriate deportees and uphold commitments. The implications of this decision reflect ongoing critiques of the Maduro regime and the broader context of U.S.-Venezuela relations, particularly regarding oil production and deportation policies. Trump’s position underscores the complexities of diplomatic agreements made by previous administrations.
Original Source: www.news10.com
