{"id":2849732,"version":0,"headline":"Venezuela's president approves new oil regulations","dateModified":"2026-07-15T05:18:01Z","datePublished":"2026-07-08T20:21:35Z","articleBody":"<article><p class=\"lead\">Venezuela's acting president Delcy Rodriguez and oil minister Paula Henao on Wednesday enacted the framework of regulations needed to implement recent reforms to the main hydrocarbons law.</p><p>Almost 1,400 regulations issued over the last 83 years of oil activities were \"studied and analyzed\" in trying to incorporate best practices into the new framework, Rodriguez said during the televised event.</p><p>\"This is done in order to transform the [oil] reserves of our country into the development of our country,\" she said. \"The resources for the recovery and reconstruction of our country after the <a href=\"http://direct.argusmedia.com/newsandanalysis/article/2845060\">dual earthquakes</a> of June 24th are also here.\"</p><p>The government must still publish the full text of the regulations in the official gazette.</p><p>Henao had said in late May that the government would <a href=\"http://direct.argusmedia.com/newsandanalysis/article/2828994\">approve the regulations soon</a>. Venezuela's government moved to open operation of its oil fields to beyond state-owned PdV and trimmed its take of earnings and production under changes to the hydrocarbon law made after the US' essential takeover of its oil sector on 3 January.</p><p class=\"bylines\">By Carlos Camacho</p></article>","dateline":"Caracas, 8 July (Argus)","license":"<footer><p><br> Send comments and request more information at <a href=\"mailto:feedback@argusmedia.com?subject=Argus Direct article feedback&body=I am contacting you regarding Venezuela's president approves new oil regulations, available at http://direct.argusmedia.com/newsandanalysis/article/cs-24766496.\" target=\"_parent\"> feedback@argusmedia.com </a></p><p><i> Copyright © 2026. <a href=\"http://www.argusmedia.com/\" target=\"_blank\">Argus Media group</a>. All rights reserved. </i></p></footer>","copyrightHolder":"Argus Media group","copyrightYear":2026,"taxonomy":{"contexts":[{"name":"Politics","children":[{"name":"Legal","children":[]}]}],"regions":[{"name":"Latin America and Caribbean","children":[{"name":"Venezuela","children":[]}]}],"sectors":[{"name":"Crude oil","children":[]},{"name":"Natural gas","children":[]}]},"pullQuote":null,"newsType":"Daily news","language":"en-GB","keywords":null,"isFree":true,"isFeatured":false,"body":"<p class=\"lead\">Venezuela's acting president Delcy Rodriguez and oil minister Paula Henao on Wednesday enacted the framework of regulations needed to implement recent reforms to the main hydrocarbons law.</p><p>Almost 1,400 regulations issued over the last 83 years of oil activities were \"studied and analyzed\" in trying to incorporate best practices into the new framework, Rodriguez said during the televised event.</p><p>\"This is done in order to transform the [oil] reserves of our country into the development of our country,\" she said. \"The resources for the recovery and reconstruction of our country after the <a href=\"http://direct.argusmedia.com/newsandanalysis/article/2845060\">dual earthquakes</a> of June 24th are also here.\"</p><p>The government must still publish the full text of the regulations in the official gazette.</p><p>Henao had said in late May that the government would <a href=\"http://direct.argusmedia.com/newsandanalysis/article/2828994\">approve the regulations soon</a>. Venezuela's government moved to open operation of its oil fields to beyond state-owned PdV and trimmed its take of earnings and production under changes to the hydrocarbon law made after the US' essential takeover of its oil sector on 3 January.</p><p class=\"bylines\">By Carlos Camacho</p>","lead":"Venezuela's acting president Delcy Rodriguez and oil minister Paula Henao on Wednesday enacted the framework of regulations needed to implement recent reforms to the main hydrocarbons law.","cmsId":"24766496","source":"Censhare"}