The Trump administration’s recent decision regarding Chevron’s assets in venezuela, supported by Rep. Carlos Gimenez, signals a strategic balancing act. The U.S. aims to protect economic interests while maintaining pressure on Nicolás Maduro’s regime. Gimenez highlights the crucial need to prevent Chinese control of Venezuelan oil assets. Chevron can maintain operations but faces firm restrictions: no oil imports and no royalty payments to Maduro. This policy, echoing Trump-era strategies, aims to secure American infrastructure and curb financial support for the Venezuelan government, seen as a critical move by News Directory 3. It also has implications for Venezuelan-cuban relations, with Gimenez emphasizing the importance of democracy and freedom. Discover what’s next in this evolving geopolitical chess game.
Trump Administration Allows Chevron to Maintain Assets in Venezuela
Rep. Carlos Gimenez, R-Fla., has voiced support for the Trump administration’s decision regarding Chevron’s assets in Venezuela. This move, he says, effectively balances U.S.economic interests with the need to maintain pressure on Nicolás Maduro’s regime.
Gimenez, a vocal advocate for democracy in Latin America, especially Cuba and Venezuela, sees the policy as a reversion to Trump-era strategies. he emphasized the importance of preventing China or other actors aligned with Maduro from seizing American-built infrastructure in Venezuela’s oil sector.
Under the new guidelines, Chevron can maintain its assets but faces restrictions.The company cannot import oil from Venezuela or pay royalties to the Maduro regime, according to Gimenez.
“My understanding is this is reverting back to the Trump-era policies, which I support. So, as far as I’m concerned, it was the best of both worlds,” Gimenez said.
Gimenez highlighted the economic ties between Venezuela and Cuba, noting that Maduro’s regime props up the Cuban government by sending oil in exchange for security personnel. He cautioned against any deviation from the Trump administration’s order that might benefit Maduro.
“Number one, stop paying royalties to Maduro to the tune of up to $700 million or more per month, which is propping up that dictatorial and illegitimate regime. And two, we’re able to keep our assets and keep the Chinese out. As far as I’m concerned, that’s a win-win for us,” Gimenez said.
What’s next
Gimenez urges Chevron to support a peaceful transition of power to a legitimate government in Venezuela, led by Edmundo Gonzalez, whose election was disputed.He reiterated the U.S. should stand for democracy and freedom against illegitimate dictatorships.
