The U.S. has ordered Chevron to halt operations in Venezuela within a month, impacting the Maduro government’s revenue from oil exports. Chevron currently produces almost 250,000 barrels daily, critical for Venezuela’s economy.

The United States government has instructed Chevron to cease its operations in Venezuela within a month. This directive poses significant challenges to Venezuela’s already struggling authorities in Caracas, as Chevron plays a crucial role in the country’s oil production. Currently, the company is responsible for the production and export of nearly 250,000 barrels of crude oil daily, which serves as a substantial source of revenue for President Nicolas Maduro’s administration.

In conclusion, the U.S. government’s ultimatum to Chevron significantly impacts Venezuela’s oil industry and the Maduro administration’s financial stability. With Chevron’s operations being essential to the country’s economy, this decision will likely exacerbate the existing economic challenges faced by the Venezuelan authorities.

Original Source: www.keysnews.com

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