The National Assembly approved a new petroleum law that effectively breaks with the post-1976 tradition of rigid state control, opening participation across the full value chain to private oil companies. . If the Maduro regime were to fall tomorrow, the immediate applause in Washington would be for the restoration of democracy. For over a decade, the United States has celebrated its status as an energy superpower, largely thanks to the. . The United States has lifted restrictions on crude trade with the Caribbean nation and resumed commercial flights Delcy Rodríguez at the event in support of the reform of the oil law, in Caracas, this Thursday. MAXWELL BRICENO (REUTERS) Venezuela's National Assembly, controlled by the Chavista. . Venezuela has taken a dramatic step away from two decades of socialist orthodoxy, approving legislation that opens its oil industry to privatization and foreign control, in a move that could reshape the country's economy and reinsert it into global energy markets. It might also spark a relationship with transnational companies that is positive for society Photograph by unknown author. “Trabajadores petroleros,” Fernando Irazábal Collection. Compiled by Archivo. . January was a particularly noisy month for Venezuela. The challenges US oil companies could face when reentering Venezuela Landon Derentz, VP of energy and infrastructure at the Atlantic Council, says companies face an "above-ground risk" in Venezuela. Venezuela's interim president Delcy Rodriguez. .
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