Venezuela’s Oil Reforms Usher In Era of Foreign Dominance Amid US-Backed Regime Shift

Venezuela’s National Assembly has approved comprehensive reforms to the nation’s oil laws, marking a pivotal shift in its energy policy.The changes grant foreign energy companies unprecedented operational control over production projects, significantly diminishing the dominance of the state-run Petroleos de Venezuela (PDVSA).This legislation, enacted on Thursday, also permits authorities to slash
Venezuela’s National Assembly has approved comprehensive reforms to the nation’s oil laws, marking a pivotal shift in its energy policy.The changes grant foreign energy companies unprecedented operational control over production projects, significantly diminishing the dominance of the state-run Petroleos de Venezuela (PDVSA).This legislation, enacted on Thursday, also permits authorities to slash
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