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

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

The Straits Times - Sports·2026-01-30 21:00

Jan 29 - 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.

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