Venezuela approves oil privatization, reversing decades of state control as Caracas seeks foreign investment and economic revival after a dramatic political shift.
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A transition to a pro-U.S. government in Caracas would represent far more than a diplomatic victory. It could provide a crucial correction to balance the American oil portfolio, securing
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Venezuela''s opposition has drafted a broad proposal for energy sector reform that would allow participation of international companies, a bid to attract support from Big Oil and from U.S....
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In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now
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Venezuela''s interim president Delcy Rodriguez announced the country''s first shipment of liquefied petroleum gas has been exported to the U.S.
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The government has created the necessary legal framework to privatize the industry, as Trump requested. The United States has lifted restrictions on crude trade with the Caribbean nation
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Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
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Economy The Spirit of the Concessionary Model and the Future of Venezuelan Oil The new energy law opens the sector to foreign investment in unprecedented ways since the 1990s. It might
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January was a particularly noisy month for Venezuela. After a sustained period of speculation around Nicolás Maduro and the future of the Chavista leadership, the extraordinary rendition of the now
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Venezuela''s acting President Delcy Rodríguez has signed a law that will open the nation''s oil sector to privatization.
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