Venezuela Reforms Hydrocarbons Law to Attract $32 Billion in Private Investment

Delcy Rodríguez, interim president of Venezuela, presented a draft reform of the Hydrocarbons Law before the National Assembly. This legislative initiative aims to incorporate the production models provided by the Anti-Blockade Law into the legal framework governing the oil sector. The stated objective is to direct investment flows toward fields where no capital has been injected and toward areas lacking infrastructure, according to Rodríguez’s statements before parliament.