politics
enero 27, 2026
Reforma de la Ley de Hidrocarburos: un paso importante, pero insuficiente para atraer grandes inversiones
En el contexto de la detención de Nicolás Maduro y Cilia Flores, tras una operación militar de Estados Unidos y el tutelaje de la administración de Donald Trump sobre la presidencia encargada de Venezuela, la Asamblea Nacional (AN) aprobó en primera discusión la Reforma Parcial de la Ley Orgánica de Hidrocarburos, propuesta por el Ejecutivo que encabeza Delcy Rodríguez.
TL;DR
- The National Assembly approved a partial reform of the Organic Hydrocarbons Law, comprising 18 articles and three transitional provisions.
- Experts argue the reforms are insufficient to attract substantial investment and revive the national oil industry, advocating for a new law and institutional reinstitutionalization.
- The reform introduces changes to allow for alternative dispute resolution mechanisms, potentially offering greater legal security for companies.
- The State retains majority shareholding in mixed companies, though the exact percentage is unspecified, and private entities can now engage in primary activities under contracts with state-owned companies.
- Royalties and extraction taxes have been made more flexible, potentially decreasing under certain conditions for private contracts and mixed companies.
- The reform removes the requirement for National Assembly authorization for the creation of mixed companies, with the Executive only needing to notify Parliament.
- Experts believe that despite some flexibilization, the core structure of the oil industry's framework remains unchanged, and substantial long-term investment is still unlikely.
- The article notes Venezuela's declining oil production and highlights the need for significant capital investment and a return to institutional stability to reach previous production levels.