Venezuela opens oil sector as US eases sanctions

Venezuela’s interim President Delcy Rodriguez has signed a reform bill allowing increased privatization in the nationalized oil sector, meeting a key demand from US President Donald Trump. This move is expected to pave the way for more private investment in the country’s struggling oil industry. The decision comes amidst ongoing political and economic turmoil in Venezuela, with Rodriguez taking steps to attract foreign capital and improve the country’s oil production. The reform bill marks a significant shift in Venezuela’s oil policy and its relationship with the United States.

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