Caracas, Jan 29, 2026 (AFP) - Venezuela opens oil industry to greater private investment

NAMPA / AFP

2026-01-30

Venezuela's legislature on Thursday adopted a bill that throws its oil industry open to private investors, in line with US demands following the toppling of leader Nicolas Maduro. Lawmakers in the South American country adopted reforms to a hydrocarbons bill that roll back decades of tight state control over foreign investment in the sector. In order to lure private capital into an industry reeling from years of US sanctions, the bill also makes......

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