AN aprueba en primer debate ley de hidrocarburos que busca reducir la estatización y abrir espacio a empresas privadas
La Asamblea Nacional (AN, Parlamento) de Venezuela, controlada por el chavismo, aprobó este jueves en primera discusión la reforma parcial a la Ley Orgánica de Hidrocarburos, una de las iniciativas de la presidenta encargada, Delcy Rodríguez, en medio de los acuerdos con Estados Unidos para la venta de crudo venezolano. La legislación fue aprobada con […]

TL;DR
- The National Assembly approved the partial reform of the Organic Hydrocarbons Law in its first discussion.
- The reform aims to achieve an 'accelerated increase' in Venezuela's oil production.
- New contract types will be introduced where operating companies manage projects at their own risk and cost.
- The legislation includes mechanisms to guarantee the viability of projects in undeveloped oil fields, requiring large investments.
- Flexibility in royalties, potentially reducing them, is proposed to attract investment.
- Increased legal guarantees for investment, including independent conflict resolution mechanisms, are part of the reform.
- The opposition faction Grupo Parlamentario Libertad saved its vote, citing a lack of advance notice on the bill drafts.
- The reform is being discussed amidst agreements between Caracas and Washington concerning the sale of Venezuelan crude.