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International Business Times
International Business Times
Business

What Next For Venezuela As Trump Goes After Oil Revenues?

Oil Venezuela Donald Trump PDVSA Nicolas Maduro Chevron United States Joe Biden Repsol
Venezuela's oil industry, one of its few revenue spinners, is in trouble after the United States revoked the licenses of US and transnational energy firms operating in the country (Credit: AFP)

President Donald Trump has revoked the licenses that allowed several transnational oil and gas companies to operate in Venezuela despite the country being under US sanctions.

After US energy giant Chevron, Washington has ordered a handful of other energy firms, including Spain's Repsol and France's Maurel & Prom, to cease operating in Venezuela.

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