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Chevron license termination could lead to new oil export pact in Venezuela, sources say

The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said. U.S. President Donald Trump said on Wednesday he was reversing the license, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns. U.S. Secretary of State Marco Rubio later said on X he would provide foreign policy guidance to terminate all oil and gas licenses to companies operating in Venezuela "that have shamefully bankrolled the illegitimate Maduro regime".