Tag: Venezuela oil industry

Venezuela’s acting President signs oil industry overhaul, easing state control to lure investors

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Venezuela’s acting President signs oil industry overhaul, easing state control to lure investors

Venezuela’s acting President Delcy Rodriguez takes part in a rally, holding up a copy of a new law after lawmakers approved legislation opening the nation’s oil sector to privatisation, at the Miraflores Palace in Caracas, Venezuela, on January 29, 2026. | Photo Credit: AP Venezuela’s government on Thursday (January 29, 2026) approved opening the nation’s…

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Trump pitches Venezuela oil to U.S. majors; hits scepticism

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Trump pitches Venezuela oil to U.S. majors; hits scepticism

U.S. President Donald Trump pressed top oil executives on Friday (January 9, 2026) to invest in Venezuela’s vast reserves but was met with a cautious reception — with one major CEO dismissing the country as “uninvestable” without sweeping reforms. Mr. Trump told the industry leaders that his administration – not Caracas – would decide which…

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