US EditionVenezuela Opens Oil Sector as Washington Tightens Grip
4 Articles
4 Articles
Oil has been a key element in the new scenario that has opened up in Venezuela. Just a few days after the capture of Nicolás Maduro and his wife Cilia Flores, Chavismo launched an accelerated reform of the hydrocarbon law, which has led to a 180-degree turn in the policy of nationalization promoted by Hugo Chávez, the base of the Bolivarian revolution. The new legal framework prioritizes profitability for domestic and foreign investors, with the…
Venezuela Opens Oil Sector as Washington Tightens Grip
Posted by Joshua Scher Venezuela’s National Assembly has approved a sweeping overhaul of the country’s hydrocarbon law, dramatically rolling back state control over the oil industry while the Trump administration simultaneously moved to loosen selected sanctions on Caracas. The reform, fast-tracked through the legislature and signed into law by Acting President Delcy Rodríguez, dismantles key…
With regard to the regulation of the energy sector, Mexico hardly goes when Venezuela is already back, at least in terms of hydrocarbons. As you know, last week, the government of the Venezuelan interim president, Delcy Rodríguez, together with the fast-track work of the National Assembly – feel its legislative power – approved reforms to the 2006 Hydrocarbons Organic Law, the equivalent of our nineth Hydrocarbons Sector Law. We only mentioned t…
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