Reuters reported exclusively that Venezuela’s opposition-controlled congress is considering reforms to the country’s oil law that would open the sector to private investment but are scaled back from sweeping changes outlined before. The proposal would allow private companies to hold majority stakes in upstream joint ventures with state oil company PDVSA, with the ability to directly export crude.
Reuters reveals Venezuela’s congress to consider new, scaled-back oil reform
15 August 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas