Venezuela Circulates Draft of Oil Law Regulations for Companies

Venezuela Circulates Draft of Oil Law Regulations for Companies

(Bloomberg) — The Venezuelan government is circulating a draft of regulations as part of its newly enacted oil law, highly anticipated by companies planning to invest in the country’s increased oil production.

Venezuela circulates draft oil regulations to attract foreign investment

Venezuela has begun circulating draft oil and gas regulations and proposed contract models outlining fiscal, operational and technical rules for foreign companies seeking to invest in the country’s energy sector.