PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — Venezuela’s Executive Vice President and Energy Minister Delcy Rodríguez said the idea of renewed sanctions on Chevron Corporation and its 4 joint venture (JV) subsidiaries in Venezuela was a bad decision.
“Today, February 26, the government of the United States has made a harmful … inexplicable decision; by announcing sanctions against the American company Chevron. [The decision] aims to harm the Venezuelan people. It is actually inflicting damage on the United States, its population, and its companies, and the legal certainty of the United States in the international investment regime,” Rodríguez said 26 Feb. 2025 in a post on social media.
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“The constitutional government of Venezuela and its people, in great national union, categorically reject this type of action publicly requested by the country’s extremist and failed opposition,” Rodríguez said.
Rodríguez said a prior failed action boosted migration from 2017-2021 with the widely known consequences. Renewed US sanctions will boost the number of Venezuelan citizens departing from the OPEC country to pursue more entertaining economic opportunities elsewhere.
Over the last decade or so, slightly over 8 million Venezuelans have left the country, according to data from the United Nations (UN). More are expected to depart the Caribbean country amid stiffer US sanctions to seek refuge in Argentina, Brazil, Colombia, Panama, Peru and Trinidad and Tobago, among other countries.
“Venezuela will continue its path of integral economic recovery, guaranteeing it with the creative effort of all and in absolute attachment to its sovereignty and national independence,” Rodríguez said.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
