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Associated Press

Venezuela's Acting President Signs Oil Industry Overhaul, Easing State Control to Lure Investors

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The Associated Press

10:12 JST, January 30, 2026

CARACAS, Venezuela (AP) — Venezuela’s acting President Delcy Rodríguez on Thursday signed a law that will open the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades.

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