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Posted on 05/10/2025 1:16:54 PM PDT by mbrfl
SCOOP:
🚨 Chinese representatives spotted at @PDVSA headquarters in Venezuela ahead of expiring US licenses for American oil companies in Venezuela 🚨
There are 17 more days left until the licenses for American oil companies in Venezuela will expire.
Sources on the ground in Venezuela sent me this photo of Chinese officials sent by Xi JinPing to prepare for the seizing of American oil assets, sitting in the lobby of PDVSA. Additionally this week, thousands of Chinese workers arrived in Venezuela to work at the oil refineries and to literally seize the American oil assets in Venezuela on May 27th.
The presence of Chinese officials at PDVSA headquarters this week, as American oil companies face a May 27, 2025 license expiration, signals a massive CCP threat to U.S. interests. If licenses are revoked, companies like Chevron @Chevron may be forced to exit Venezuela, leaving a vacuum that China will forcefully fill, especially given the fact that China has given $60 billion in loans to Venezuela and has controlled over 40% of the Orinoco Belt since 2010.
If the licenses for American companies aren’t extended, not only will our national security be at risk, but this will reduce U.S. influence in energy markets, weaken our geopolitical leverage in Latin America, and it will allow China to secure discounted crude oil, strengthening its energy security while sidelining American firms.
Furthermore, allowing China to take more control of Latin America will embolden adversaries like Iran and Russia, who also eye Venezuela’s vast reserves. This is going to further complicate the U.S. efforts to counter the CCP in Latin America, where China is funding and facilitating the illegal alien invasion of our country.
I cannot believe President Trump’s national security advisors are missing in action on this issue.
The media headlines on May 27th will accuse the Trump admin of allowing China and the CCP to forcefully conquer hundreds of billions of dollars of US oil assets, unless @POTUS extends the license.
Then the media will create the narrative that Donald Trump is weak on China and that China is winning.
We can’t allow that to be a legacy of the Trump admin.
We need to see immediate action on this matter, or else the CCP will never give back those American oil assets (hundreds of billions of dollars) without a physical fight.
This is very dangerous for our country. @realDonaldTrump
@marcorubio @JDVance @RichardGrenell @SecretaryWright @SecScottBessent
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West Texas Sweet it ain't.
Monroe Doctrine
Getting in bed with the Venezuelan dictatorship? Hmm
🤔
Not a good plan
Check with Dominion which was owned by Soros since they fixed the vote for a Socialist Gov’t to win.
i’ve read that several of the big multi-national corporations had been moving physical assets out of Venezuela for several years now to avoid them being “nationalized” by Maduro ... not sure how much remains to be stolen ...
Venezuela is not the United States.
A lease is a legally binding agreement under U.S. law.
THE END.
If they are taking over former US owned refineries, a few, well placed AGM-65 Mavericks should be on the menu.
The article does not sound right. From GPT:
The total external debt of Venezuela was reported to be around $110.8 billion by the end of 2012, and the country has paid creditors a total of $109.6 billion between 2013 and 2017 despite economic sanctions and a severe economic crisis.
This doesn’t leave much.
The article is overly laden with “US oil assets”. It’s Venezuela. The oil in it is Venezuela oil assets. Not US oil assets.
If Chevron lost money there, that is a Chevron loss, not a US loss, and any equipment there is Chevron equipment, not US equipment.
Overall useful to remember Chevron is a California company. No reason for Trump to care about it.
“If you like refining dirty tar, then Venezuela is your guy. “
I may be wrong, but the only refineries that can handle that “dirty Tar” stuff are in the USA. Special built for Venezuelan oil.
The smartest move right now seems to be a two-step strategy:
First, renew Chevron’s license to maintain a U.S. foothold in Venezuela’s oil sector. That alone blocks China from walking in and taking over abandoned infrastructure.
Second, quietly form a consortium with other countries already operating there (excluding Russia and China, of course), like Italy, Spain, and India. These aren’t new players—they’re already invested, just hesitant. With the right leadership, they’d gladly join forces to stabilize operations and keep China out.
This doesn’t require cozying up to Maduro. It’s just good strategy: hold the ground, build a coalition, and deny the CCP another strategic prize. That’s the kind of negotiation only Trump can pull off.
| Operator/Partner | Estimated Share of Output |
|---|---|
| Chevron-led Consortium | 30–40% |
| PDVSA (solo operations) | 40–50% |
| China (CNPC) | 10–15% |
| Russia (Roszarubezhneft) | 5–10% |
| Idle/Marginal Projects | <5% |
Venezuela owns the land and lease rights, but Chevron owns the equipment that drill and pumps the oil.
If Venezuela tries to illegally seize those assets there will be trouble.
Yes. We - Trump admin - is telling Chevron to quit it’s Venezuela oil business, and if they do the CCP will likely take it over.
Oh, I’m sure there will be trouble. I just don’t see how it’s MY trouble — or yours.
Okay some other issues:
Any Chevron equipment in Venezuela is by now ancient. Probably worth nothing.
China? PetroChina and Sinopec do produce 4.5 million bpd IN CHINA, but that oil up in the DaQuing field is not challenging density.
In contrast, Rosneft and Lukoil have holdings all over the world, and of course throughout Russia — with such a range of densities that they have the relevant skillset for the Orinoco flow. Note that not all Ven oil is of that sort. Some is easy to ship and refine.
But it is more Russia involvement there than China, though in the end the only thing that matters is who owns the tanker.
Worth noting the brilliance of Maduro, who has withstood the hatred and sanctions of the US for a rather long time now, and had 770K bpd of oil output in 2024.
“they have the relevant skillset for the Orinoco flow.”
How did Enya get involved in this mess?
Ha.
Yeah. The very thick, heavy oil from Venezuela is located on the Orinoco river and flows out of the ground there.
Not just dirty tar but also very high sulfur content. Special refining is needed because of the sulfur.
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