End of Chevron’s licence in Venezuela: what consequences for the economy and international relations?
The cancellation of Chevron’s operating licence in Venezuela, announced by the Trump administration, could exacerbate the country’s economic crisis while redefining its relations with the United States. Experts are considering several scenarios regarding the next developments.
| Countries | États-Unis |
|---|---|
| Companies | Chevron, PDVSA |
| Sector | Pétrole |
| Theme | Politique & Géopolitique, Sécurité énergétique |
The announcement of the end of Chevron’s operating licence in Venezuela could disrupt the already fragile economy of the country. Chevron, which is involved in several oil projects alongside the Venezuelan state-owned company PDVSA, accounts for approximately 25% of Venezuela’s oil production, a country that holds the world’s largest reserves of crude oil. If this decision is implemented, it could have direct consequences on oil production and exports, which are a key sector of the Venezuelan economy.
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