Venezuela’s Oil Reform Offers a Path Forward

Venezuela’s Oil Reform Offers a Path Forward


A locked door can guard treasure for years, but rust never sleeps. Somebody will decide to oil the hinges or simply let the door rot shut.

For the first time in many years, the sound from Caracas suggests oiled hinges instead of rotting doors.

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A Proposal That Signals Change

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Venezuela’s interim President Delcy Rodriguez announced a proposal to reform the nation’s oil sector to attract foreign investment from countries other than China and Iran.

The plan would change existing restrictions that have kept private capital at arm’s length, even as production collapsed and infrastructure decayed.

The reform was framed as a practical step rather than an ideological shift. Venezuela is desperate for investment, technology, and operational partners to help

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