The new Hydrocarbons Law in Venezuela was officially implemented in 2026 as part of a broad legal and economic reform aimed at reviving the country’s oil industry. This reform represents one of the most significant changes to Venezuela’s energy framework in decades, designed to address declining production, attract investment, and adapt the sector to new […]

The new Hydrocarbons Law in Venezuela marks a turning point for the country’s energy sector. Designed to modernize a rigid and outdated framework, the reform aims to revive oil production, attract foreign investment, and restructure operational control within an industry that has struggled for more than a decade. Rather than a simple legal update, this

Introduction In recent years, the Venezuelan government has implemented a series of social benefits aimed at supporting public sector workers amid economic instability. One of these mechanisms is the Co-responsibility and Training Bonus, a monetary benefit distributed through the national social protection platform. While this bonus is not officially exclusive to the oil or mining

The current condition of Venezuela’s oil infrastructure stands as one of the most critical bottlenecks limiting the country’s energy recovery. While Venezuela holds the largest proven oil reserves in the world, much of the physical infrastructure required to extract, transport, refine, and export crude oil operates far below optimal levels or requires urgent rehabilitation. This

The current situation of Venezuelan oil in 2026 marks a turning point for the country’s economy. After years of sanctions, declining production, and infrastructure deterioration, Venezuela’s oil sector faces a mixed scenario: new recovery opportunities, but also deep structural challenges that continue to shape its future. ❓ What is the state of Venezuelan oil in