In an exclusive interview, Venezuelan President Nicolás Maduro announces Chevron’s official license renewal to operate legally in Venezuela. He highlights Venezuela’s economic growth of 6.65 percent in the second half of 2025 despite US sanctions and outlines the government’s commitment to rebuilding a prosperous, blockaded economy.

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Caracas, July 24, 2025 – Venezuelan President Nicolás Maduro announced in a teleSUR exclusive that Chevron has been formally notified of the granting of licenses allowing the company to continue its operations legally in Venezuela.

Executive Vice President Delcy Rodríguez has confirmed these developments. This move is part of the government’s openness to international companies working in Venezuela, aiming to foster economic growth despite ongoing external pressures.

President Maduro emphasized that Venezuela’s oil sector grew 12% over recent months even without formal licenses amid US sanctions and blackmail tactics. He assured that working groups are already in place to facilitate Chevron’s full return to its functions under a legal framework, stressing that “it’s welcome in Venezuela.”

Venezuela’s economy shows resilience with 6.65% growth despite sanctions

Highlighting the nation’s economic progress, Presidente Maduro detailed that Venezuela’s real GDP grew by 6.65% in the second half of 2025, consolidating a recovery driven by domestic production and expanded exports beyond oil.

“At the end of last December, our economy reached $140 billion,returning to pre-sanction levels,” he said. However, he warned that while the GDP figure rebounded, revenues still lagged compared to before the blockade.

The president reiterated Venezuela’s 9% growth in the first quarter of the year, attributing this success to a robust and balanced economic model that prioritizes production to meet domestic supply and generate wealth despite US economic warfare.

The President stressed that the country remains blockaded with no access to international banking but has nonetheless built stability and permanency in growth.

El presidente de #Venezuela 🇻🇪, Nicolás Maduro, ratificó este jueves, en entrevista exclusiva de #teleSUR, que el PIB de la economía real venezolana en el segundo semestre ha crecido en un 6.65 por cientohttps://t.co/UxjYj9znPp

— teleSUR TV (@teleSURtv) July 25, 2025

The text reads: The president of Venezuela, Nicolás Maduro, reaffirmed this Thursday, in an exclusive interview with teleSUR, that the real Venezuelan economy’s GDP grew by 6.65 percent in the second half of the year.

President Maduro explained the economic strategies that underlie Venezuela’s resurgence: focusing on domestic productivity, supply consolidation, and diversification through exports. “We reached a bottom of $20 billion GDP due to aggressive sanctions, but today Venezuela recovers steadily,” he declared.

He framed this recovery as a testament to the strength of the Bolivarian model, which remains committed to sovereignty and self-reliance amid external aggression.

The government’s approach, he argued, rejects dependency on external financing and encourages mobilizing internal resources and solidarity among the Venezuelan people. “We have managed to get the economy back on track despite the blockade,” he affirmed, emphasizing ongoing efforts to stabilize purchasing power and ensure supply to the domestic market.

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