The Trump administration has set a deadline of April 3 for Chevron, the only American oil company currently operating in Venezuela, to wind down its operations in the South American country. This measure is part of the sanctions imposed by the United States on Venezuela as part of its policy towards the government of Nicolás Maduro.
Chevron has maintained a significant presence in the Venezuelan oil industry despite the difficult economic and political conditions in the country. However, the Trump administration's pressure to sever ties with Venezuela has led the company to decide to end its activities in the territory.
"Chevron has been subject to constant scrutiny by U.S. authorities due to its presence in Venezuela. The company has expressed its commitment to comply with the applicable laws and regulations in all its international operations," a Chevron spokesperson stated in response to the recent notification from the U.S. government.
The deadline set by the Trump administration has generated uncertainty regarding the future of Chevron's operations in Venezuela and has led to speculation about potential economic consequences for both parties. The American oil company’s decision to end its activities in the country could have a significant impact on the already weakened Venezuelan energy sector.
For their part, Venezuelan authorities have not issued official comments regarding this situation, but it is expected that they will closely monitor developments and respond according to their national interests. Meanwhile, Chevron will need to take the necessary measures to comply with the established deadline and proceed with the winding down of its operations in Venezuela.
