politics
enero 27, 2026
Public consultation on the Hydrocarbons Law highlights the role of workers
From the Puerto La Cruz refinery in Anzoátegui state, National Assembly President Jorge Rodríguez led the expansion of the public consultation process on the Hydrocarbons Law, which passed its first reading this week in Parliament. The head of the legislature indicated that this consultation process must begin with workers in the sector.
TL;DR
- Public consultation process for the Hydrocarbons Law began with oil workers.
- The reform aims to increase oil production and fulfill Hugo Chávez's directives.
- The law seeks to prevent the theft of oil revenue and defend national sovereignty over resources.
- It will provide guarantees and protect labor rights for oil workers.
- The reform includes a review of oil contract royalties and involvement of Community Councils.
- Public companies are intended to become more attractive for investment and national development.
- Article 34 requires notification to the AN regarding joint ventures and primary activities.
- Joint ventures can have a duration of 25 years, extendable up to 15 years.
- Article 36 ensures economic equilibrium and return on investment for joint ventures.
- The Republic retains ownership of the Deposits.