US EditionObjectives of the Partial Reform of Venezuela's Hydrocarbons Law
11 Articles
11 Articles
Caracas are seeking to open private companies with a change in oil law
Venezuela's President-in-Charge, Delcy Rodríguez, said her country must become "a real producing power" of hydrocarbons.
Objectives of the Partial Reform of Venezuela's Hydrocarbons Law
By Misión Verdad – Jan 23, 2026 On Thursday, January 22, the National Assembly of Venezuela approved in its first discussion the Partial Reform Bill of the Organic Law of Hydrocarbons. The initiative stems from the explicit recognition that the current legal framework (enacted in 2006, but previously promulgated under an enabling law) reflects a new financial and geopolitical reality. Deputy Orlando Camacho, president of the Standing Committee…
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News to the Day and the Hour Latest News of today Jorge Rodríguez said that the main objective of the partial reform of the Hydrocarbon Law is to achieve oil production in the country. At the beginning of the discussion of the reform, the deputy said that the administration in charge “will not tolerate” that the corrupt try to “steal the real” of the production. “Whoever tries some corruption action, that is prepared. What is the object of the …
On Saturday, the President of the National Assembly (AN), Jorge Rodríguez, issued a warning to those who attempt "some corruption action" with oil revenues. He said so during a public consultation on the reform of the Hydrocarbons Law with oil workers, from where he pointed out that the government, led by his sister Delcy Rodríguez, "will not tolerate" that the corrupt try to "steal the reals" from the production of crude oil.
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