Trump Revokes Oil Permits Against Venezuela

• Trump revokes oil permits against Venezuela.
• As reported by EFE.
• Details below.

The administration of U.S. President Donald Trump has revoked permits previously granted to various international oil companies to export Venezuelan crude—a move that intensifies sanctions against the government of Nicolás Maduro.

Among the affected companies are Spain’s Repsol, the U.S.-based Global Oil Terminals, Italy’s Eni, France’s Maurel & Prom, and India’s Reliance Industries, all of which are partners of Venezuela’s state-owned oil company, PDVSA.

These permits, granted under the Democratic administration of Joe Biden, allowed the oil firms to operate with Venezuelan crude despite restrictions imposed on the Maduro regime.

However, since Trump’s return to power, his administration has shifted toward a policy of greater isolation regarding Venezuela.

Trump Revokes Oil Permits Against Venezuela

[NOW] Trump has revoked permits for oil companies like Repsol that exported Venezuelan crude. https://t.co/utnsynreil pic.twitter.com/jjviv8kj1

— ElCanciller.com (@elcancillercom) March 30, 2025

The revocation of licenses comes on the heels of a newly imposed 25% tariff on Venezuelan oil and gas imports—a measure that has already led several companies to suspend operations prior to the official notice.

The affected oil companies have until the end of May to wind down their operations in Venezuela—a decision that further hits the already weakened economy of the South American country.

Repsol and Reliance, two companies with a strong presence in the U.S. market, had requested exemptions to continue operations without violating sanctions, but the White House denied the petition.

This is not Trump’s first measure against the Venezuelan oil industry.

Chevron’s License Also Revoked

Trump revokes oil permits, including Repsol’s, that allowed Venezuelan crude exports https://t.co/3tgc2m9s7h

— La Voz de Galicia (@lavozdegalicia) March 30, 2025

Weeks earlier, the president revoked a key license that allowed U.S. company Chevron to continue its operations in Venezuela.

This order forces Chevron to dismantle its facilities in the country. The new executive order also states that any country purchasing Venezuelan oil will be subject to the 25% tariff.

In February, Venezuela exported 910,000 barrels per day of crude oil and fuel, surpassing the 867,000 reported in January.

However, the White House’s decision now places the future of these exports in jeopardy, increasing pressure on the Maduro government, which has in turn hardened its stance on U.S. immigration policy by refusing to accept the deportation of Venezuelan nationals.

With this latest blow to Venezuela’s oil industry, the Trump administration reinforces its strategy of economic pressure on Caracas, betting on isolation as a tool to provoke change in the South American nation.

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