Chevron CEO warns against company’s looming departure from Venezuela

Mike Worth, CEFron CEO, issued a flagrant warning about the company’s potential departure from Venezuela as a license in the Biden era, allowing the company’s expiration to work in the country.

Chevron, which is only allowed to export Venezuelan oil to the United States, was subjected to pressure from the Trump administration to stop drilling in the political troubled political nation.

But Worth, who is currently negotiating with the administration, has argued against this step regarding concerns about energy security and the growing Chinese influence in Western football.

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“We have seen this playing book before in Africa, in Latin America, in Central Asia,” said Worth to Maria Bartopiromo on Sunday. “China has created a stronger existence, a stronger impact, and the control of economies and governments around the world by using its economic origins and position to do so.”

“I think this is an important issue in which the administration thinks, and I think it is very appropriate for them to take into account.”

President Donald Trump initially announced in February that he ended the license, and called on the Biden Agreement “ineffective and inaccurate.” Oil companies have ordered us to start the end of their presence in the country starting March 1.

“Under this opposite, we are the concessions given by Crokid Joe Biden to Nicholas Maduro, from Venezuela, on the Oil Transaction Agreement, on November 26, 2022,” Trump announced the social fact.

In addition, the regime did not transfer the violent criminals who sent it to our country (the good United States of America) again To Venezuela At the fast pace they agreed. “

According to the opposite of the president, the path in March, and the expansion of the license until May 27, according to CNBC.

Trump also imposed any countries that buy Venezuelan oil that pays a 25 % tariff when trading with the United States. However, Wirth warned that if the company stops digging oil in Venezuela, it will have profound implications for national security and energy security.

Mike Worth, Chairman and CEO of Chevron Corp, during a Bloomberg television interview on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, January 16, 2024. (Hollie Adams / Bloomberg via Getty Images / Getty Images)

“The refineries on the Gulf coast are designed to operate this specified type of oil, and therefore it is very important for energy security in the United States,” he said. “The changes in the rules mean that oil will not flow to the United States now, which makes us less safe.”

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“China is actually the largest Venezuelan oil buyer today, and I believe that the discussions it refers to, and Venezuelan government officials in China recently encouraged China to buy more … policy can push more of that trade to China.”

He stated that if Chevron has stopped operations, this would create a vacuum for Chinese and Russian companies to fill.

“We are the only American company that is still on the ground in Venezuela, which is located all over the Gulf of America from our country,” he said.

“And if we have to leave, as another production continues, American companies are replaced by companies from other countries, and historically these Chinese companies and Russian companies and others that are not necessarily in the interest of America to see our half -ball were assigned to companies from other countries that do not have the same types of relationships with them.”

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Despite the logical basis of WIRTH, Venezuelan opposition leader Maria Korena Machado – who also appeared on Fox News on Sunday – praised Trump’s strategy as “completely correct and effective,” Fox & Friends Weekend “that Maduro faces” his weakest position yet “.

“Maduro is the head of the criminal structure that turned Venezuela into a safe haven from drug gangs, guerrilla warfare, and the enemies of Western football, such as Iran’s agents, Russia and other international criminal groups.”

“What Maduro allows at the present time, it is just crumbs out of Venezuela. But Venezuela, at the present time, the country with the largest oil reserves installed in the world and also in gas,” she added. “Until we can convert Venezuela from the American criminal axis to the American Energy Center, but this can only happen with a democratic government.”

Chevron exports about 240,000 barrels per day of crude from Venezuela operations, over a quarter of the entire oil production in the country.

This report contributed to this report, Fox News “Charles Cretz, Fox Business”.

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