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In a post on Truth Social, Trump said he was «reversing the concessions» of the «oil transaction agreement, dated November 26, 2022.»
Trump did not name Chevron in his comments, but Washington granted Chevron a license to operate in Venezuela's oil sector on November 26, 2022. It was the only license the administration issued for Venezuela that day.
«The U.S. government has made a damaging and inexplicable decision by announcing sanctions against the U.S. company Chevron,» Venezuelan Vice President Delcy Rodriguez said in a statement posted on Telegram.
She said «these kinds of failed decisions» had prompted migration out of Venezuela.
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