
Venezuela to Set up Funds for Oil Revenues and Amend Energy Law
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Venezuela's acting President Delcy Rodríguez has unveiled a significant reform to the country's hydrocarbons law. This initiative includes the establishment of two funds designed to manage and allocate revenues generated from oil sales. The move aims to enhance the management of oil revenues amid ongoing economic challenges.
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📚Bağlam ve Tarihsel Perspektif
Venezuela, once one of the wealthiest countries in Latin America due to its oil reserves, has faced severe economic turmoil in recent years. The reforms proposed by Rodríguez may be an attempt to attract foreign investment and restore confidence in the oil industry.
This article is for informational purposes only and does not constitute financial or investment advice.
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