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oil reform

Venezuela opens oil sector to private firms in historic overhaul

January 30, 2026 by Zuha shahzad

CARACAS: Venezuela’s acting president, Delcy Rodríguez, has signed into law a sweeping reform of the country’s oil industry that opens the sector to private and foreign investment, marking a decisive break from decades of strict state control under socialist rule. The legislation was approved by the National Assembly on Thursday and signed by Rodríguez soon […]

Filed Under: Top Stories, World Tagged With: Delcy Rodriguez, foreign investment, Latest, oil reform, PDVSA, privatization, Venezuela

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