A Halliburton representative publicly admitted that the company’s withdrawal from Venezuela was directly caused by the unilateral coercive measures imposed by the Trump administration in 2019. The recognition came during a high-level meeting between President Trump and top U.S. energy executives, where they discussed overseas investment conditions. When asked about the corporation’s exit from Venezuela, the executive confirmed it coincided with the implementation of sanctions. This testimony reinforces arguments that the sanctions restricted the expansion of Venezuela’s energy market and forced the dismantling of U.S. corporate infrastructure in the country.
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