The U.S. has ordered Chevron to stop operations in Venezuela within 30 days, threatening Maduro’s government. This represents a significant policy shift for Trump, who had previously engaged with Maduro, and could lead to economic turmoil in Venezuela as oil revenues dwindle.
On Tuesday, the United States mandated energy company Chevron to cease operations in Venezuela within one month, severely impacting the already struggling authorities in Caracas. This decision aims to halt Chevron’s current production of approximately 250,000 barrels of crude oil daily, which provides essential revenue for President Nicolas Maduro’s administration. The U.S. Treasury Department’s ultimatum has been described by industry experts as unfeasible given the short timeline.
In summary, the U.S. government’s directive to Chevron exemplifies a dramatic shift in Trump’s Venezuela policy. The move threatens to exacerbate Venezuela’s economic crisis by depriving the country of critical oil revenue. Furthermore, the reaction from Maduro and the implications for regional stability underscore the potential for increased turmoil as the Venezuelan government faces severe financial strain.
Original Source: www.france24.com
