Chevron Mike Wirth CEO alerted this Monday, March 5 about the consequences of the American oil company departure from Venezuela If Donald Trump’s government insists on restricting its operations in the country.
The license that allows the American oil company to extract and export Venezuelan oil will overcome next 27after an extension granted in March.
Read also: Conindustria proposes to evaluate retroactivity of social benefits with public and private sectors
Wirth warned that a Chevron exit “It would affect the US energy security”, since Gulf refineries are designed to process Venezuelan oil.
In addition, he stressed that his retirement would benefit China and Russia, main actors willing to fill the void. “We are the only American company in Venezuela. If we go, other powers will take our place, ”said Wirth in an interview.
He also insisted that abandoning Venezuela would strengthen China, who is already the largest Venezuelan oil buyer. “If we left, as others have done, Oil production would continue and US companies would be replaced by companies from other countries. Historically, these have been Chinese, Russian and others that do not necessarily benefit the United States, since their hemisphere would be assigned to companies from other countries with which we do not have the same type of relations, ”he added.
According to CEO, Chevron exports around 240,000 barrels per day from Venezuela, 25 % of total production. «Our departure would not only affect the local economy, but could reconfigure the regional energy map, with Beijing as the main beneficiary«, He concluded.
