Regina García Cano at AP Venezuela’s National Assembly advanced legislation to reform the oil sector, opening greater opportunities for private and foreign investment. The proposal would allow companies to independently operate oil fields, sell crude, and resolve disputes through international arbitration. It also includes potential reductions in royalties and extraction taxes to attract investment. The reform seeks to increase production and revive the economy, but investors remain concerned about political uncertainty, past expropriations, and unresolved U.S. sanctions. LINK.
