President Donald Trump has ordered Chevron to start “winding down” its oil production in Venezuela in the latest increase in pressure against the Maduro government in Caracas.

The AP reports that Chevron has invested some $2.6 billion in field development and equipment in Venezuela over the last hundred years and is to date the only U.S. oil company that Washington has allowed to continue operating in the country.

Yet this may soon end, as Trump seeks to tighten the noose around the Maduro government’s neck further. The United States government has granted Chevron a series of exemptions from sanctions against Venezuela. With the current state of the oil industry, however, along with the push for maximum pressure on Caracas, these may end soon. If that happens, the company would be obliged to write down its investments in Venezuela…CLICK for complete article