Interim Venezuelan President Delcy Rodriguez introduced a draft bill to reform the hydrocarbon law, codifying the production-sharing model for new fields. This model, which allows for greater foreign investment and operational flexibility, is intended to attract private investors while navigating U.S. sanctions. The reforms coincide with political maneuvers involving U.S. oversight of Venezuela's oil revenues and opposition leader Maria Corina Machado's visit to the White House.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue