US President Donald Trump canceled yesterday’s license to exploit oil in Venezuela, which had been given to Chevron, accusing Caracas in particular that he had violated an agreement on the repatriation of immigrants.

“We are canceling the concessions made by (former US President) Joe Biden the Ayrtis to (Venezuelan President) Nicolas Maduro,” Mr Trump announced via Truth Social. He referred to an agreement that was closed in November 2022 and benefited the American energy colossus Chevron.

This Republican decision may It makes a heavy blow to Venezuela’s shaken economywhich depends largely on the oil.

Mr Trump characterizes this agreement ineffective and accuses Caracas of “It does not repatriate the violent criminals he sent to our country at the rapid pace that has agreed.” As part of an unexpected visit of US envoy Richard Grenel to Venezuela in late January.

Washington officially does not recognize Nicolas Maduro – in power since 2013, sworn in and took over a third term in January – as the legal president of the Latin American country and applies sanctions.

Venezuelan Vice President Delse Rodriguez criticized through a Telegram the ‘harmful and inexplicable’ Donald Trump’s decision.

“Seeking to harm the Venezuelan people, in fact hurts the US, their population and its businesses, and also calls into question the legal status of international investment in the US,”, ” Ms Rodriguez, who is also a minister of oil, was considered.

Its head opposition In Venezuela, Maria Korina Matsado, on her side exiled her decision of the US president.

He sent “a clear message that Maduro has major problems and that President Trump is with the people of Venezuela”, as he said in an interview with the son of US President Donald Trump Junior, who was broadcast via Rumble.

The deal with Chevron, he added, allowed Mr Maduro to access “In billions of dollars used to repression, persecution and corruption.”

For its part, Chevron said in a statement that ‘Examines complications’ of this decision. American hydrocarbon colossus assured that “He is active in Venezuela in observing all laws and regulations”, including US sanctions.

Mr Grenhel’s trip to Venezuela in late January, during which he had a meeting with President Maduro, was thought to mark the launch of a re -heating process between Washington and Caracas. The Bilateral diplomatic relations have been interrupted since 2019.

The US expert envoy went to Caracas to demand the repatriation of “unconditional” Venezuelan citizens deported by the US authorities and to secure the release of US prisoners in the state of Latin America. Received positive answers to both.

But the US president, who had proceeded to embargo to Venezuela oil during the first of the term (2017-2021), often reiterates that Washington does not need Caracas hydrocarbons.

His democratic predecessor Joe Biden relaxed the embargo on oil in 2022 Before proceeding with the imposition of sanctions again by invoking the suppression of the opposition. However, the sanctions system that allowed US oil companies such as Chevron to operate in Venezuela was excluded from the sanctions.

The Latin America state has stocks that are in the world’s largest, but production has declined due to US sanctions on the government due to mismanagement and corruption according to the opposition.