South America / North America
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Trump canceled Biden-era concessions that allowed Chevron to produce and export Venezuelan oil, citing Maduro’s failure to implement electoral and immigration reforms. The license generated an estimated $4 billion for the Venezuelan state and covered about one-quarter of national oil production while active.
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Trump canceled concessions supporting Chevron’s Venezuelan operations
Trump canceled Biden-era concessions that allowed Chevron to produce and export Venezuelan oil, citing Maduro’s failure to implement electoral and immigration reforms. The license generated an estimated $4 billion for the Venezuelan state and covered about one-quarter of national oil production while active.
Open source reportChronology
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Trump canceled concessions supporting Chevron’s Venezuelan operations
Pres. Trump announced that he was cancelling Biden-era concessions that allowed Chevron to continue producing and exporting Venezuelan oil because Pres. Maduro failed to implement promised electoral and immigration reforms.
Trump canceled Biden-era concessions that allowed Chevron to produce and export Venezuelan oil, citing Maduro’s failure to implement electoral and immigration reforms. The license generated an estimated $4 billion for the Venezuelan state and covered about one-quarter of national oil production while active.
Open source report