Former presidential candidate Antonio Ecarri warned about the severe consequences that the revocation of the license for U.S. oil company Chevron will bring to Venezuela. Photo: El Lápiz Press Team.
Guacamaya, March 6, 2025 – Venezuelan politician Antonio Ecarri stated on Thursday that the cancellation of Chevron’s license will lead to devaluation, inflation, and the loss of thousands of jobs in the country.
During a press conference at the headquarters of the Alianza del Lápiz party, Ecarri emphasized that the revocation of Chevron’s license represents the loss of 40% of the foreign currency entering Venezuela and the destruction of at least 10,000 jobs in Zulia state. He also warned that national oil production will decrease by 25%, which will impact the income of the Central Bank of Venezuela (BCV).
“If oil production falls, there will be less foreign currency in the Central Bank of Venezuela; and if there is less foreign currency in the Central Bank of Venezuela, there will be devaluation. Is this how they plan to overthrow Maduro, by making the Venezuelan people more dependent on the State?” Ecarri questioned.
The former presidential candidate also criticized other sectors of the Venezuelan opposition, stating that “no one can govern a country on graves and cemeteries, no one wins on scorched earth.” In this regard, he called for building a national consensus for sovereignty and transparency, prioritizing the interests of the nation.
