Post #2263

📰 NEWS | Venezuela Approves Pro-Business Oil Reform as Trump Issues New Sanctions Waiver Venezuela’s National Assembly has approved and enacted a reform of the 2001 Hydrocarbon Law that lowers royalty and tax ceilings, grants the executive discretion to reduce fiscal burdens, and expands operational and sales control for private and minority partners. The law also allows foreign arbitration in disputes. The vote was followed by a new US Treasury sanctions waiver, General License 46, authorizing US companies to purchase and market Venezuelan crude under US jurisdiction, with payments directed to US-controlled accounts. Additional licenses are required for investment or production. Read the full report here 👉🏽https://shorturl.at/hlJ7q #2026OilReform#PDVSA#Sanctions#USVenezuelaRelations