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Trump cuts financial lifeline for Venezuela’s government by ending permit to export oil to US
AP News ^ | February 26, 2025 | Regina Carcia Cano

Posted on 03/01/2025 7:22:49 AM PST by Twotone

CARACAS, Venezuela (AP) — A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week, President Donald Trump announced Wednesday, ending what became a financial lifeline for the South American country.

Trump’s announcement in his Truth Social network accused the government of President Nicolás Maduro of not meeting democratic conditions for last year’s July presidential election as well as of not moving fast enough to transport back to Venezuela immigrants set for deportation.

“We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement,” Trump wrote.

Trump’s post did not specifically mention California-based Chevron nor the permit, formally known as a general license, that exempts the company from economic sanctions and allows it to export and sale Venezuelan oil in the U.S. But it is the only Venezuela-related license whose issuance and renewal information match the dates Trump did mention in his social media post.

(Excerpt) Read more at apnews.com ...


TOPICS: Cuba; Foreign Affairs; Iran; News/Current Events; Politics/Elections; Russia
KEYWORDS: california; chevron; cuba; energy; iran; nicolasmaduro; oil; russia; trump; venezuela
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1 posted on 03/01/2025 7:22:49 AM PST by Twotone
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To: Twotone

That’ll teach them to export their trash criminals.


2 posted on 03/01/2025 7:24:06 AM PST by HYPOCRACY (Long live The Great MAGA Kangz!)
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To: Twotone

MAGA! I am not tired of winning...but I am getting a bit winded.


3 posted on 03/01/2025 7:24:38 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Twotone

“We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement,” Trump wrote.


Crooked Joe Biden

Say it loud and often.


4 posted on 03/01/2025 7:28:08 AM PST by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: HYPOCRACY

AP - heartless Trump cuts their lifeline.


5 posted on 03/01/2025 7:28:16 AM PST by iamgalt
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To: Twotone

Stopped reading at AP


6 posted on 03/01/2025 7:29:42 AM PST by delchiante
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To: Twotone

Trump’s post did not specifically mention California-based Chevron


why is that in the article? Chevron is moving out.


7 posted on 03/01/2025 7:30:04 AM PST by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: iamgalt

AP doesn’t realize that most Americans want financial lifelines cut to commie shitholes that export their gangs to the US.


8 posted on 03/01/2025 7:31:42 AM PST by HYPOCRACY (Long live The Great MAGA Kangz!)
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To: Twotone

The end of Communist support by Big Brother.


9 posted on 03/01/2025 7:38:12 AM PST by bray (It's not racist to be racist against races the DNC hates.)
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To: Twotone

Fair enough.

No lies - transparent - consistant.

Now, you don’t have a US firm (Cheveron) making billions all at the same time while the US government is trying to over throw the government there as was the case in the past.

Example: https://en.wikipedia.org/wiki/Operation_Gideon_(2020)


10 posted on 03/01/2025 8:28:31 AM PST by Red6
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To: Twotone

Chevron ? I thought they owned CITGO...I know I’m missing something but I can’t find out what ...


11 posted on 03/01/2025 8:35:24 AM PST by stylin19a ( If you think it's hard to meet new people, try picking up the wrong golf ball)
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To: Twotone

So be it, but all that means is that we’ll have to import the heavy crude from somewhere else to supply those refineries.

Otherwise, all this does is raise the price of everything.


12 posted on 03/01/2025 8:40:46 AM PST by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: stylin19a

“they” being Venezuela owning CITGO...


13 posted on 03/01/2025 8:41:40 AM PST by stylin19a ( If you think it's hard to meet new people, try picking up the wrong golf ball)
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To: hal ogen
Yeah, well Venezuela doesn't need the US.

(It's gone to Hell all on its own)

14 posted on 03/01/2025 8:56:39 AM PST by Mr. Lucky
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To: stylin19a

“...“they” being Venezuela owning CITGO.....”

I think thye do, along with owning 2 huge refineries here in the US: Corpus Christi, TX and lake Charles, LA.
IIRC, both of those refineries are the only ones engineered to handle that heavy black crude that comes from Venezuela.....and the Canadian tar pit stuff.


15 posted on 03/01/2025 8:56:45 AM PST by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created...")
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To: hal ogen

“MAGA! I am not tired of winning...but I am getting a bit winded.”

$$$$$$$$$$$$$$$$$$$

Indeed. It’s a marathon, not a sprint. You can do it!

Heb 11

1b And let us run with perseverance the race marked out for us, 2a fixing our eyes on Jesus, the pioneer and perfecter of faith.


16 posted on 03/01/2025 8:57:40 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Twotone

WINNING!


17 posted on 03/01/2025 9:02:23 AM PST by The Truth Will Make You Free ( )
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To: Twotone

You gotta play hardball with the hardheaded.


18 posted on 03/01/2025 9:47:12 AM PST by lee martell
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To: lgjhn23

so where does Chevron come in ?


19 posted on 03/01/2025 9:48:51 AM PST by stylin19a ( If you think it's hard to meet new people, try picking up the wrong golf ball)
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To: Twotone

The only export we should support coming out of VZ is Maduro.


20 posted on 03/01/2025 10:12:55 AM PST by lurk (u)
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