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Venezuela Moves to Rewrite Oil Law as PDVSA’s Corruption Hangover Lingers

Summary by Oil Price
Venezuela is moving to formalize oil-sector reforms that would expand partnership-style contracts and loosen PDVSA’s control over new investment, according to comments from the country’s top lawmaker on Tuesday. On Tuesday, National Assembly president Jorge Rodríguez said reforms to Venezuela’s hydrocarbons law, expected to be debated this week, would be built around partnership structures first introduced under Nicolás Maduro. While details rem…

16 Articles

Lean Right

The Venezuelan National Assembly should discuss in this Friday reforms in the petroleum sector which, if implemented, will disassemble the state monopoly of the industry and allow private companies to produce and sell crude oil from large country reserves. Businesses: Joesley met with Venezuela's internal president and tried to invest in oil, says Under secret agency: Joesley Batista and his oil wells in Venezuela The changes proposed in Venezue…

·Brazil
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Lean Right

The Venezuelan Parliament announced a comprehensive reform of the laws, amid a new political context after the overthrow of Maduro.

·Mexico City, Mexico
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Lean Left

The proposal was presented by Jorge Rodríguez, head of the Chavista National Assembly, who suggested reviewing the requirements for parties and the formation of the commissial entity

·Buenos Aires, Argentina
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Left

Jorge Rodríguez explained that the proposal includes the creation and reform of 29 laws

·São Paulo, Brazil
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Center

The President of the National Assembly of Venezuela, Chavista Jorge Rodríguez, proposed the drafting of eight new legal codes

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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EFE broke the news in on Tuesday, January 20, 2026.
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