United States Government Moves to Expand Chevron License for Venezuelan Oil Exports
The Trump administration is restructuring Venezuelan oil terms to allow Chevron to export all produced crude while routing sales through Qatari bank accounts.
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United States 
USEnergy Secretary chris wright announced that the administration of President donald trump is moving as fast as it can to grant Chevron Corporation an expanded license for oil production in Venezuela 
VE. This move follows the removal of nicolas maduro from power earlier in January 2026 and is part of a broader effort to reactivate the Venezuelanoil industry. The shift represents a fundamental change in the commercial terms governing one of the world's most significant oil producers.
USEnergy Secretary chris wright announced that the administration of President donald trump is moving as fast as it can to grant Chevron Corporation an expanded license for oil production in Venezuela VE. This move follows the removal of nicolas maduro from power earlier in January 2026 and is part of a broader effort to reactivate the Venezuelanoil industry. The shift represents a fundamental change in the commercial terms governing one of the world's most significant oil producers.
