politics
12 notas sobre el Proyecto de Reforma de la Ley Orgánica de Hidrocarburos
Artículo 1. “…dominio público del recurso, maximización progresiva de la renta, seguridad jurídica, transparencia contractual…”
TL;DR
- New legislation allows mixed and private companies to conduct primary oil activities, previously reserved for the state.
- Private companies are now permitted to directly market hydrocarbons produced.
- The role of the National Assembly in approving mixed companies and their conditions is reduced to mere notification.
- Royalty rates for private companies and mixed companies have been significantly reduced.
- Existing Productive Participation Contracts (CPPs), which previously violated existing laws, are now legalized.
- Critics argue these changes represent a privatization of oil production and a potential loss of state revenue.