The President of the United States, Donald Trump, announced that he will cancel the concessions granted to Venezuela under a petroleum transaction agreement signed during the administration of Joe Biden, who gave facilities to the dictator Nicolás Maduro.
Through a post on Truth Social, Trump confirmed that the agreement, dated November 26, 2022, will be rescinded starting March 1, the date on which its renewal was scheduled.
The reasons behind the decision
Trump argued that Nicolás Maduro's regime has not complied with the conditions established in the agreement, particularly regarding electoral guarantees and the repatriation of Venezuelan criminals present in the United States.
- "We are reversing the concessions that the corrupt Joe Biden gave to Nicolás Maduro on the petroleum transaction agreement, dated November 26, 2022," Trump stated in his statement.
- "The regime has not been transporting the violent criminals they sent to our country back to Venezuela at the fast pace they had agreed. Therefore, I order that Biden's ineffective and unfulfilled 'Concession Agreement' be rescinded starting from the March 1 renewal option," the president added.
The 2022 agreement and Chevron's role
In November 2022, the Biden administration granted Chevron a license to resume oil production in Venezuela, after the sanctions imposed by the United States in 2019 paralyzed drilling operations in the South American country.
