MIAMI ā President Donald Trump announced Wednesday that in March Chevron Corp. will no longer have a license to produce and export oil in Venezuela.
Trump wrote on Truth Social that the decision was āreversing the concessionsā that former President Joe Biden gave NicolĆ”s Maduro on Nov. 26, 2022.
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āThe regime has not been transporting the violent criminals that they sent into our Country ... back to Venezuela at the rapid pace that they had agreed to,ā Trump wrote.
Richard Grenell, Trumpās special envoy, met with Maduro on Jan. 31 in Caracas to arrange the release of six U.S. citizens held in Venezuela.
The White House announced Grenell had persuaded Maduro to take back deported migrants. On Feb. 1, the Trump administration announced the Temporary Protected Status for Venezuelans was set to end on April 7.
On Feb. 18, in Mar-a-Lago, Trump said Chevronās partnerships with Petroleos de Venezuela SA, or PDVSA, Venezuelaās state oil company, were under review.
Earlier this week, Bill Turenne, a spokesman for Chevron, told Bloomberg that the Houston-based company āhas been a constructive presence in Venezuela.ā
Earlier this month, Reuters reported data based on vessel movements showed āVenezuelaās oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipmentsā by Chevron.