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Latin Times
Latin Times
Politics
Demian Bio

Chevron Warns White House That Russia, China Will Take Over Venezuelan Oil If Its License Is Revoked

Representational image (Credit: Documerica/Unsplash.)

Chevron CEO Mike Wirth is urging the Donald Trump White House to maintain the company's license to operate in Venezuela, arguing that China and Russia could fill the void in that scenario.

Wirth made the plea after U.S. Secretary of State Marco Rubio said the license should be reconsidered. "In Venezuela, in particular, what you have seen when countries from the west leave, you've seen companies from China, from Russia, increase their presence as a result," Wirth told the Financial Times after Rubio's statement.

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