US ends Chevron's license in Venezuela: the oil company has one month to cease operations

Washington, March 4 (EFE) – The United States government, led by President Donald Trump, announced on Tuesday that it revoked the license that allowed the American oil company Chevron to operate in Venezuela. The company has a period of one month, until April 3, to end its activities in the South American country.

The measure is part of the White House's policy of pressure against the government of Nicolás Maduro, seeking to further limit Venezuela's access to foreign currency from the oil industry. Chevron was the last major US company with operations in Venezuela and maintained a special license to operate despite the sanctions imposed against the Maduro administration.

According to sources from the Treasury Department, the decision is a response to the lack of progress in political negotiations in Venezuela and seeks to cut one of the last economic links between Caracas and US companies.

Chevron, which has been operating in Venezuela for more than 100 years, has not yet issued an official statement on the measure. Analysts warn that this decision could have significant consequences on the Venezuelan energy sector, already weakened by years of economic crisis and international sanctions.

For its part, the Maduro government condemned the decision and called it an "act of economic aggression" that will affect Venezuelan workers and the stability of the oil sector in the country.

Statements are expected in the coming days from both the U.S. government and Chevron regarding plans for the company's exit from the South American country.