Post #2283

📹 VIDEO | Oil Sovereignty vs. Foreign Control: Venezuela’s Hydrocarbons Reform and US Sanctions Venezuela has approved a sweeping overhaul of its Hydrocarbons Law, reshaping the country’s oil sector for the first time in more than two decades. The reform reduces the state’s operational role, lowers key taxes and royalties, and allows greater private participation in extraction and exports, a move officials say will revive production and attract foreign investment. Within days, Washington issued General License 46, authorizing US companies to purchase and transport Venezuelan crude under strict conditions. Supporters call it a pragmatic step toward economic recovery. Critics see a potential erosion of energy sovereignty. Is this the beginning of a turnaround for Venezuela’s oil industry or a fundamental shift in control over the country’s most strategic resource? #Oil#2026OilReform#OilReform#PDVSA#USVenezuelaRelations