Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

US revokes oil, gas firms’ licenses in Venezuela

  • By Al Mayadeen English
  • Source: Agencies
  • 31 Mar 2025 08:18
2 Min Read

Venezuelan Vice President Delcy Rodriguez says her country had been prepared for this development and remained committed to honoring contracts with the affected companies.

Listen
  • x
  • VenezuelaFlare stacks release gases at the Jose Antonio Anzoategui oil complex in Barcelona, Venezuela, Jan. 9, 2024 (AP)

Venezuela confirmed on Sunday that the United States had revoked the operating licenses of several transnational oil and gas companies in the country.

These licenses had been granted despite Washington’s sanctions against the South American nation.

While Caracas did not specify which companies were affected, industry experts had anticipated that European oil giants Repsol of Spain and Maurel & Prom of France would be impacted, particularly after the US ordered American oil major Chevron to exit Venezuela in February.

"I want to inform you that we have maintained fluid communication with the transnational oil and gas companies operating in the country, and that they have been notified in recent hours by the US government about the revocation of their licenses," Venezuelan Vice President Delcy Rodriguez said in a statement on Telegram.

Rodriguez affirmed that Venezuela had been prepared for this development and remained committed to honoring contracts with the affected companies.

Related News

Cholera devastates Darfur region amid conflict, US aid cuts

US uses tariffs to strongarm India on Russia ties

However, firms violating the US oil embargo or other restrictions could face sanctions from Washington.

At the end of February, US President Donald Trump revoked Chevron’s license, which had previously allowed it to continue operations in Venezuela despite sanctions. Other companies had also been granted similar exemptions.

In his broader efforts to exert economic pressure on Venezuela, Trump last week imposed steep 25% tariffs on imports from nations purchasing Venezuelan oil and gas.

The United States, along with several other countries, does not recognize Venezuelan President Nicolas Maduro’s claim to victory in last year’s elections.

Venezuela’s oil production, which stood at over three million barrels per day (bpd) 25 years ago, has declined significantly to approximately one million bpd today, after plummeting to below 300,000 at its lowest point.

Read more: Second oil company ordered by US to pull out of Venezuela

  • United States
  • US
  • Venezuela

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS