Venezuelan MPs approve bill to open up oil sector to private firms
Statele Unite
Venezuela's National Assembly has approved a reform of the country's hydrocarbons law that will allow private companies, including foreign firms, more autonomy in the country's lucrative oil sector. Once the law is signed off by the country's interim president, it is expected to pave the way for more foreign investment in the oil industry. US President Donald Trump has been pushing US oil companies to invest in Venezuela's vast oil reserves, despite decades of mismanagement, under-investment
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