US EditionNational Assembly Discusses the Reform of Hydrocarbon Law to Attract Investment
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The National Assembly approved on Thursday the reform of the Organic Hydrocarbon Law that will facilitate the participation of foreign companies in the oil industry, a change driven by the president-in-charge, Delcy Rodríguez, and that was expected by the administration of Donald Trump. The legislative body, with an official majority, endorsed the reform unanimously in a second discussion. The project had already been approved in the first round…
“Venezuelan and Venezuelan women are happy to be here, to have signed this law so that it will enter into full force, handed over today from the hands of the deputies of Venezuela, so that these great oil reserves will be, definitively and forever, the happiness of our people,” he said.
30-01-26.-The Political Bureau of the Central Committee of the Communist Party of Venezuela (PCV) – elected at the 16th National Congress, Nov. 2022 – denounces to the country that the proposal for partial reform of the Organic Hydrocarbon Law (LOH) constitutes a serious violation of the Constitution of the Republic of Venezuela.
The Venezuela that for two decades turned oil into the backbone of a state control model has taken an abrupt turn. Delcy Rodríguez, acting as president, signed a comprehensive reform that opens the exploitation and commercialization of crude oil to private investment, dilutes the dominant role of PDVSA and promises a more “invertible” legal framework for large companies. The decision does not come in a vacuum: the same day, the U.S. Treasury Dep…
Also in the context of our reflection on the "human factor" and on the "energy" that is more than the oil seen by Trump, this is what the Western media is not talking about: the link between the Venezuelan government and its workers, its people, the guarantee of sovereignty and the demand for the return of Maduro and the first fighter. In addition to their support for the reform of the law on hydrocarbons for the good of the nation, the workers …
The president of the state Oils of Venezuela (PDVSA), Héctor Obregón, said that the reform of the Organic Law of Hydrocarbons proposed by the president in charge, Delcy Rodríguez, and whose discussion is scheduled to continue this Thursday in Parliament, will strengthen the legal framework of the country for investment. In Telegram, he said that the reform process "consolidated a strengthened legal framework that drives production, attracts inve…
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