economy

La reforma petrolera de 2026: ¿El fin del nacionalismo de Pérez Alfonzo y Adriani?

El reciente madrugonazo para la aprobación en primera discusión del Proyecto de Ley de Reforma Parcial de la Ley Orgánica de Hidrocarburos, sin dar oportunidad a la “oposición oficialista” de conocer el proyecto de reforma, marca un punto de inflexión que, para muchos historiadores y economistas, representa el desmantelamiento de la doctrina soberana construida durante casi un siglo por figuras como Salvador Adriani, Gumersindo Torres y Juan Pablo Pérez Alfonzo.

La reforma petrolera de 2026: ¿El fin del nacionalismo de Pérez Alfonzo y Adriani?

TL;DR

  • The reform allows private companies to undertake exploration and extraction under "integral management" at their "exclusive cost, account, and risk."
  • This contradicts the principle of "No more concessions" and the goal of absolute state operational control established by Juan Pablo Pérez Alfonzo.
  • The reform permits a reduction in state royalties and allows deductions for "special advantages" from extraction taxes, challenging the principle of maximizing public revenue.
  • It introduces international arbitration for dispute resolution, abandoning the tradition of exclusive Venezuelan jurisdiction in oil matters.
  • The reform is seen as a fundamental shift in Venezuela's oil model, moving away from state-led operations towards a hybrid private-public approach.
  • There is speculation about Venezuela's continued membership in OPEC, with a mention of President Trump's apparent support for its participation, possibly to gain indirect influence.
  • The reform contradicts key pillars of "Chavismo petrolero," including state majority control in mixed companies and PDVSA's role in social programs.
  • While the state retains ownership of the resource, operational control is shifting back to private hands, ending the era of the "unilateral operator state."