Venezuela Opens Up Oil Sector: What Now?

Parliament on Thursday approved a reform of Venezuela's Hydrocarbons Law, tightened under socialist ex-leader Hugo Chavez in 2006 to entrench state control over a resource Venezuela has more of than any other country on Earth.

Jan 31, 2026 - 13:30
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Venezuela Opens Up Oil Sector: What Now?
Parliament on Thursday approved a reform of Venezuela's Hydrocarbons Law, tightened under socialist ex-leader Hugo Chavez in 2006 to entrench state control over a resource Venezuela has more of than any other country on Earth.

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