Venezuela's acting president signs oil industry overhaul, easing state control to lure investors
Published on: Jan. 30, 2026, 3:47 p.m. | Source: Daily Excelsior
Caracas (Venezuela), Jan 30 : Venezuela’s acting President Delcy Rodriguez on Thursday signed a law that opens the nation’s oil sector to privatisation, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades. The reform will undoubtedly be her government’s signature policy as it positions the oil sector — Venezuela’s engine — to lure the foreign investment needed to revamp a long-crippled industry. Rodriguez enacted the measure less than a month after […]
