Venezuela Overhauls Oil Law to Privatize Sector Following Trump Deal

Venezuela passed a reform to the Hydrocarbons Law to privatize its oil sector following the capture of Nicolás Maduro by USA forces.Delcy Rodríguez signed the legislation after Donald Trump announced plans to supervise the industry and attract $100B in investment.The overhaul allows private companies to control production and utilize international arbitration while the USA Treasury Department eases sanctions.