US EditionVenezuelan Interim Leader Vows Oil Sector Reform After Maduro Ouster
Reform aims to attract foreign funding for oil fields and infrastructure, adjusting anti-blockade measures amid 2025 production gains over one million barrels per day, officials said.
- Delcy Rodriguez announced pending legal reforms to Venezuela's Hydrocarbons Law in parliament Thursday to loosen foreign limits after Nicolas Maduro's ouster earlier this month.
- Amending the Hydrocarbons Law aims to loosen limits on foreign involvement and bring investment, with Rodriguez saying reforms would channel money to new, neglected fields and adjust anti-blockade provisions to counter US sanctions since 2019.
- Production trends and export dependency underline why attracting capital to fields matters, as Venezuela produced over one million barrels per day in 2025, up from about 360,000 bpd, with oil exports its main revenue source.
- The US Department of Energy has unveiled a plan to develop Venezuela's oil industry and begun marketing crude, while Chevron remains the sole US firm operating under an exemption as companies seek to recoup billions.
- Political moves and US pressure on executives raise geopolitical stakes for any Venezuelan oil revival, as US President Donald Trump has asserted control since January 3 and US Energy Secretary Chris Wright said sales will be controlled "indefinitely.
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37 Articles
Radio France Internationale
La LibreVenezuela's interim president, Delcy Rodriguez, spoke in a speech before the National Assembly on Thursday 15 January of a "partial reform" of the oil law, less than two weeks after the American military operation that led to the abduction of President Nicolas Maduro.
Venezuelan Vows Oil Sector Reform After Maduro Ouster
Venezuela's interim president on Thursday announced pending legal reforms to the country's critical fossil fuel sector, as she seeks to recalibrate ties with Washington following the US military ouster of her predecessor, Nicolas Maduro.
InsideNoVA.com
Venezuelan interim leader vows oil sector reform after Maduro ouster
Venezuela's interim president on Thursday announced pending legal reforms to the country's critical fossil fuel sector, as she seeks to recalibrate ties with Washington following the US military ouster of her predecessor, Nicolas Maduro.
The Acting President of Venezuela, Delsie Rodríguez, announced on Thursday that she was submitting a proposal to reform the hydrocarbon law against the backdrop of pressure from investors in the United States who were seeking easier access to the oil sector in the South American country, wrote Reuters, saying that the proposed changes should allow investment flows to be directed to new deposits, deposits that had never been invested, and deposit…
Political tension persists in the US Congress as the Senate refuses to limit the president's military powers over Venezuela
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