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Venezuela's National Assembly Approves Major Overhaul of Key Oil Law
Published On Mon, 02 Feb 2026
Asian Horizon Network
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In Caracas, Venezuela, National Assembly President Jorge Rodríguez held up a document as the country’s legislature gave approval to a comprehensive reform of Venezuela’s primary oil law. The sweeping changes are aimed at reshaping the nation’s oil industry, affecting policies, regulations, and management of the sector, and represent a significant shift in the governance of one of Venezuela’s most important economic resources.
Disclaimer: This image is taken from Reuters.



