Trump revokes Maduro's oil license, says he's taking too long to take back Venezuelan deportees

Antonio Maria Delgado, Miami Herald on Feb 26, 2025

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President Donald Trump said Wednesday he is revoking the license that allows the Venezuelan government to export oil to the United States, claiming that the South American country has failed to take back Venezuelan deportees from the U.S. with the speed agreed to a few weeks ago by strongman Nicolás Maduro.

“We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement, dated November 26, 2022, and also having to do with Electoral conditions within Venezuela, which have not been met by the Maduro regime,” Trump wrote on his Truth Social account.

“Additionally, the regime has not been transporting the violent criminals that they sent into our Country (the Good Ole’ U.S.A.) back to Venezuela at the rapid pace that they had agreed to. I am therefore ordering that the ineffective and unmet Biden ‘Concession Agreement’ be terminated as of the March 1st option to renew,” he said.

The U.S. Treasury Department had recently renewed a license for oil giant Chevron to pump oil in Venezuela. Initially granted by the Biden administration in November 2022, the license has become an important source of income for the Caracas regime. Chevron’s production out of the South American country averages about 220,000 barrels per day, amounting to about a quarter of the country’s current output of 900,000 barrels per day.

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