Venezuela gives the green light for foreign capital to enter the oil sector

"The government has created the necessary legal framework to privatize the industry, as Trump requested. The United States has lifted restrictions on crude trade with the Caribbean nation and resumed commercial flights Delcy Rodriguez at the event in support of the reform of the oil law, in Caracas, this Thursday.MAXWELL BRICENO (REUTERS) Venezuela's National Assembly, controlled by the Chavista regime, has approved the reform of the hydrocarbons law, opening the oil sector to privatization."

"The debate on the law was swift, as demanded by the United States, and comes after the January 3 military strikes on Venezuelan territory and the capture of Nicolas Maduro and Cilia Flores. Since then, Washington has almost fully restored commercial relations with the South American country, once viewed as a source of instability and threats. Today is a historic day for the Republic,"

Venezuela created a legal framework to privatize the oil industry and its Chavista-controlled National Assembly approved hydrocarbons law reform opening the sector to privatization. The United States lifted restrictions on crude trade with Venezuela and resumed commercial flights. The debate on the law was swift and followed January 3 military strikes on Venezuelan territory and the capture of Nicolas Maduro and Cilia Flores. Washington has almost fully restored commercial relations with Venezuela. National Assembly president Jorge Rodriguez said the Republic maintained its oil industry and that the reform allows contracting with national and foreign companies. The U.S. Treasury issued General License 46 authorizing transactions involving Venezuelan government and PDVSA oil operations.

Read at english.elpais.com