Venezuela’s National Assembly on Thursday approved a law to open the country’s oil sector to private companies, reversing a policy that has kept the industry under state control for more than 20 years.
The vote comes less than a month after then-President Nicolás Maduro was seized in a US military operation in Caracas. Acting President Delcy Rodríguez, who proposed the changes soon after US President Donald Trump said his administration would take control of Venezuela’s oil exports and seek foreign investment.
