The pressure on the socialist regime of Nicolas Maduro in Venezuela has increased dramatically with an announcement by the Trump administration that Chevron must leave Venezuela within 30 days. Maduro is looking to seize the energy reserves of the Essequibo, a region in Guyana currently being mined by ExxonMobil. He has vowed to take “All Necessary Measures” to remove the American company from the region.
Trump gives Chevron a month to ‘wind down’ Venezuela operations – Breitbart
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The United States on Tuesday gave energy giant Chevron just one month to stop its operations in Venezuela, delivering a heavy blow to cash-strapped authorities in Caracas.
Chevron currently produces and exports almost a quarter of the million barrels of crude each day from Venezuela, providing vital revenue for Nicolas Maduro’s government.
But a Treasury Department unit said Tuesday that Chevron must stop pumping within 30 days, a timeframe industry insiders described as unrealistic.
Venezuela’s Nicolás Maduro Threatens ‘All Necessary Measures’ to Get ExxonMobil out of Guyana – Breitbart
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Excerpt:
Socialist dictator of Venezuela Nicolás Maduro threatened on Wednesday to take “all necessary measures” to stop American oil company ExxonMobil’s operations in the Essequibo region, historically contested by Venezuela and Guyana.
The Essequibo is a 61,600-square-mile region rich in oil and other natural resources currently administered by Guyana that represents roughly two-thirds of Guyana’s entire territory. Neighbors Venezuela and Guyana maintain an over 120-year-old territorial dispute over the contested region that is yet to reach a final, conclusive ruling at international organizations.
