Monday, August 24, 2026

Sweeping oil reform in Venezuela approved, operators expected to gain autonomy

Jan 29 (Reuters) – Lawmakers approved in a final ‌vote on Thursday a sweeping reform of Venezuela’s main oil law after sweetening a proposal by interim President Delcy Rodriguez to lower ‌taxes, expand the oil ministry’s decision power, grant autonomy for private producers and make possible asset transfers and outsourcings. Read full story

Source : https://www.thestar.com.my/news/world/2026/01/30/sweeping-oil-reform-in-venezuela-approved-operators-expected-to-gain-autonomy

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