Caracas, Jan 29, 2026 (AFP) - Prodded by US, Venezuela opens oil industry to private investors

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2026-01-30

Venezuela adopted a reform opening its nationalized oil sector to private investment Thursday as it moves to appease the United States following the toppling of leader Nicolas Maduro. The South American country's parliament adopted reforms to a hydrocarbons bill that in 2006 expanded state control over its vast oil resources and limited private participation. "Only good things will come after suffering," Jorge Rodriguez -- head of parliament and......

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