politics
январь 27, 2026
Public consultation on the Hydrocarbons Law highlights the role of workers
From the Puerto La Cruz refinery in Anzoátegui state, National Assembly President Jorge Rodríguez led the expansion of the public consultation process on the Hydrocarbons Law, which passed its first reading this week in Parliament. The head of the legislature indicated that this consultation process must begin with workers in the sector.
TL;DR
- The National Assembly is consulting oil workers on reforms to the Hydrocarbons Law.
- The reforms aim to increase oil production and ensure revenue benefits the Venezuelan people.
- The process is seen as a way to counter over 900 sanctions imposed on Venezuela's hydrocarbon industry.
- The law's objective is to achieve a substantial increase in oil production and defend national sovereignty over resources.
- Key aspects of the reform include guarantees for workers, protection of labor rights, review of royalties, and involvement of Community Councils.
- The reform aims to make public companies more attractive for investment and national development.
- The reform includes provisions for joint ventures with a duration of 25 years, extendable for up to 15 years.
- The Republic retains ownership of the Deposits, and joint ventures will ensure economic equilibrium until return on investment is achieved.