politics
enero 30, 2026
Delcy Rodríguez: Hydrocarbons Law reform reflects national cohesion
Acting President Delcy Rodríguez Maduro promulgated the law on Thursday Partial Reform of the Hydrocarbons Law, after receiving from the hands of the President of the National Assembly, Jorge Rodríguez, the text that was unanimously approved during the ordinary session this Thursday. “This law reaffirms the sovereignty of our energy resources,” he said as he signed the law.
TL;DR
- The Partial Reform of the Hydrocarbons Law has been promulgated, reaffirming national sovereignty over energy resources.
- The law aims to convert Venezuela's oil reserves into benefits for the people, including salaries, food, healthcare, and education.
- Resources generated from oil businesses will be directed to two sovereign wealth funds for social protection and infrastructure.
- The reform welcomes both foreign and domestic investment in the oil, gas, and petrochemical sectors.
- Restrictions on Venezuelan airspace have reportedly been lifted.
- Venezuela is set to announce the first export of natural gas.
- The armed forces are called to remain at the service of the people to guarantee peace and sovereignty.