🏛️ Venezuela approves hydrocarbons law to attract investment

Oneliner

Venezuela's National Assembly has approved a new hydrocarbons law aimed at attracting foreign investment and facilitating crude oil exports. Interim President Delcy Rodríguez met with representatives from Repsol and Maurel & Prom to discuss investment opportunities following the law's approval. The legislation is expected to enhance legal security for foreign companies and boost Venezuela's oil production, positioning the country as a potential energy power.

Key points

• The Venezuelan National Assembly approved a new hydrocarbons law aimed at boosting foreign investment.
• Interim President Delcy Rodríguez met with Repsol and Maurel & Prom to discuss investment opportunities.
• The law is expected to enhance legal security for foreign companies operating in Venezuela's oil sector.
• Venezuela aims to increase its oil production and position itself as an energy power.

Links

• Europa Press: Delcy Rodríguez se reúne con Repsol y Maurel & Prom tras la aprobación de la ley de hidrocarburos
• La Libre: Venezuela: la présidente s'entretient avec les dirigeants de grandes compagnies pétrolières étrangères
• Reuters: India says it is open to commercial merits of crude supply from Venezuela
• Público: Repsol recibe 2 millones de barriles de crudo venezolano tras la intervención de EEUU

Facts

• The hydrocarbons law was approved on February 5, 2026.
• Delcy Rodríguez is the interim president of Venezuela.
• Venezuela attracted approximately $900 million in investments in 2025.
• Repsol has been operating in Venezuela for over 30 years.

Quotes

• Authorities of the national government continue to back political dialogue with energy companies in terms of respect and a win-win cooperation for the benefit of the peoples — Delcy Rodríguez
• Venezuela is determined to become an energy power — Delcy Rodríguez

Article