Trump Revokes Chevron’s Oil Export License in Venezuela, Ending Biden Era Concessions
Donald Trump has announced the termination of Biden-era concessions that permitted Chevron to export oil from Venezuela, effective March 1. The decision aligns with the claim that the Venezuelan government has not met the conditions for such agreements. Marco Rubio has historically opposed these concessions, citing issues of electoral fraud in Venezuela.
Former President Donald Trump announced on Wednesday that the United States will terminate concessions made by the Biden administration aimed at fostering democratic elections in Venezuela. This decision will revoke a license that permitted the U.S. oil company Chevron to engage in oil production and exportation within the country. This change is scheduled to be implemented on March 1, marking a shift in U.S. foreign policy toward Venezuela that has remained consistent for decades.
In his social media message, Trump emphasized that the conditions established during the Biden administration in 2022, which allowed Venezuela to export oil, have not been fulfilled by the Maduro regime. He stated, “I am therefore ordering that the ineffective and unmet Biden ‘Concession Agreement’ be terminated as of the March 1st option to renew.”
Marco Rubio, currently serving as Secretary of State, had previously expressed opposition to the concessions granted to Venezuelan President Nicolás Maduro in efforts to encourage free elections. Despite these concessions, numerous election observers reported widespread fraud during the presidential election held last year, raising serious concerns about the integrity of the electoral process.
The revocation of Chevron’s license to operate in Venezuela signals a significant shift in U.S. foreign policy under the Trump administration. This decision reflects ongoing tensions with the Maduro regime and frustration over unmet conditions related to democratic elections. As the international community continues to scrutinize Venezuela’s electoral integrity, this move underscores a commitment to holding the regime accountable for its actions.
Original Source: www.eenews.net
