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Venezuela’s interim president, Delcy Rodríguez, presented a proposal on thursday, January 15, 2026, to reform the country’s hydrocarbon law. This move comes as the nation navigates a shifting relationship with the United States following the events that led to the removal of Nicolás Maduro from power.
Hydrocarbon Law Reform and the “Anti-Blockade” Law
Rodríguez did not disclose specific details of the proposed reform, but stated it aims to integrate the principles of the 2020 “Anti-Blockade” law.This law facilitated investments under a veil of secrecy, designed to circumvent sanctions imposed by the United States in 2019 (U.S. Department of State – Venezuela). The “Anti-Blockade” law was intended to provide a legal framework for attracting foreign capital despite US sanctions.
Venezuela’s existing petroleum law places restrictions on foreign companies operating within the country.The proposed changes seek to address these limitations and encourage investment.Rodríguez affirmed that revenue generated from oil sales will be allocated to revitalizing the healthcare system, fostering economic growth, and funding infrastructure projects.
navigating Relations with the United States
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