January 23, 2026
Trump administration pressures Venezuela to open oil sector following Maduro capture
Venezuelan lawmakers have opened debate on legislation that would significantly loosen state control over the oil sector, marking the first major overhaul since Hugo Chavez nationalized parts of the industry in 2007.
TL;DR
- Venezuelan lawmakers have begun debating new legislation.
- The proposed laws would decrease state control over the oil industry.
- This is the first major reform since Hugo Chavez nationalized parts of the industry in 2007.
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