17-January-2026
Corporate News
 
International Oil Companies Push for Quick Reforms in Venezuela to Give Them Control Over Oil Exports
17-Jan-2026

Oil executives and lawyers for international oil companies are lobbying the U.S. and Venezuelan governments for changes in the OPEC member's hydrocarbon law that would give them the right to freely export the oil they produce in Venezuela, sources involved in the talks said. As the administration of U.S. President Donald Trump works to convince energy companies to start work quickly on his $100 billion reconstruction plan for Venezuela's dilapidated oil industry, many potential investors are trying to figure out how to make that happen without spending years waiting for legal and contractual reforms that would protect their investments.

News Source:- https://money.usnews.com/investing/news/articles/2026-01-16/international-oil-companies-push-for-quick-reforms-in-venezuela-to-give-them-control-over-oil-exports