Venezuela approves oil sector privatisation in major policy shift
Venezuela’s acting President Delcy Rodriguez signed a law on Thursday opening the oil sector to privatisation, reversing two decades of socialist policy. Lawmakers approved the overhaul earlier as Washington eased sanctions, expanding US firms’ operations weeks after President Nicolas Maduro was seized in a US military raid in Caracas capital.
Venezuela’s acting President Delcy Rodriguez signed a law on Thursday opening the oil sector to privatisation, reversing two decades of socialist policy. Lawmakers approved the overhaul earlier as Washington eased sanctions, expanding US firms’ operations weeks after President Nicolas Maduro was seized in a US military raid in Caracas capital.
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