The Trump administration is considering extending Chevron’s deadline to cease operations in Venezuela, following a suspension of the company’s oil license. Chevron is lobbying for a minimum extension of 60 days. The situation intersects with Trump’s immigration policy, with reports of an ‘oil for migrants’ deal being discussed.

The Trump administration is contemplating an extension of a deadline for Chevron to cease operations in Venezuela, originally set for April, following a suspension of the company’s oil license. According to the Wall Street Journal, Chevron’s leadership is advocating for a minimum 60-day extension while discussing the matter with government officials.

Chevron’s CEO, Mike Wirth, recently attended a meeting with President Trump and other oil executives where the President showed willingness to consider an extension. A company spokesman emphasized that Chevron engages constructively with U.S. government officials and complies fully with all relevant laws and regulations, including sanctions.

In late February, Trump announced the termination of Chevron’s operating license in Venezuela, establishing a 30-day period for the company to wind down operations, which is set to end on April 3. There are considerations that this potential extension may coincide with the introduction of new sanctions on other nations engaging in transactions with Venezuela.

The situation has intersections with Trump’s immigration policy, wherein discussions have reportedly occurred regarding an ‘oil for migrants’ deal. This proposed arrangement would entail Venezuela accepting deportation flights from the U.S. in exchange for allowing Chevron to continue its oil operations in the country.

Chevron had previously received a license in 2022, permitting the resumption of operations in Venezuela after significant sanctions were imposed. While the license allows Chevron to generate revenue, it has faced criticism for indirectly supporting the regime of Nicolás Maduro, deemed a dictatorship by many, including U.S. Secretary of State Marco Rubio.

The potential extension of Chevron’s oil license in Venezuela demonstrates the intricate link between energy policy and broader geopolitical considerations, including immigration. The discussion around the extension reflects the company’s lobbying efforts while highlighting the complexities of U.S. sanctions on Venezuela. Moreover, the proposed immigration deals exemplify the multifaceted nature of international relations and domestic policy under President Trump’s administration.

Original Source: www.investmentmonitor.ai

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