Venezuela’s Oil-Law Rewrite Pitches $1.4 Billion In New Deals, Testing Investor Trust

2026-01-28 - 13:30

Key Points Venezuela says oil firms may invest $1.4 billion in 2026 through output-sharing style contracts. A hydrocarbons-law rewrite aims to normalize these deals, but legal clarity still looks thin. Markets will watch whether reforms lift production meaningfully beyond roughly 950,000 barrels per day. Venezuela is trying to turn its biggest natural advantage into hard