How the U.S. is Handing Over Venezuela’s Oil Sector to China
Saturday, 14 June 2025 () After coming into office, the administration of President Donald Trump has eliminated licenses for oil companies to operate in Venezuela, despite initial hints that it would continue them, with presidential envoy Richard Grenell’s visits to Caracas. This means that sanctions on state-owned PDVSA are fully back on. Chevron, the main U.S. corporation on the ground, is back to having only a secret license for minimum maintenance and security, as it still a shareholder in four joint ventures. In the last few months, this has sparked a question.…
Saturday, 14 June 2025 ()
