Venezuela is moving to formalize oil-sector reforms that would expand partnership-style contracts and loosen PDVSA’s control over new investment, according to comments from the country’s top lawmaker on Tuesday. On Tuesday, National Assembly president Jorge Rodríguez said reforms to Venezuela’s hydrocarbons law, expected to be debated this week, would be built around partnership structures first introduced under Nicolás Maduro. While details remain scarce, the direction is clear: Caracas wants to formalize the so-called…
