economy
The consultation on reforming the Hydrocarbons Law has reached Falcón
The Paraguaná Refining Center (CRP) was the epicenter of the Public Consultation on the reform of the Organic Hydrocarbons Law carried out by the National Assembly this Wednesday.
TL;DR
- The Paraguaná Refining Center hosted a Public Consultation on reforms to the Organic Hydrocarbons Law.
- The reforms are designed to attract foreign investment and promote energy resource exploitation.
- Recent achievements include 100% domestic fuel production by 2025, 1.2 million barrels of oil per day production, and the first gas export contract.
- The reform aims to provide legal certainty to attract investors and improve the oil value chain.
- Business leaders see the reform as an opportunity to strengthen institutions, attract investment, and generate economic growth.