Venezuela’s New Oil Rulebook Runs 29 Pages and Never Says PDVSA

AI justification

Regulation enables private oil exploitation with weak oversight, risking environmental and social harm. | The regulation introduces market liberalization in Venezuela's oil sector, which could improve economic efficiency but risks undermining state oversight and exacerbating environmental and social harms. The omission of PDVSA raises transparency concerns, while private sector involvement may lead to unchecked exploitation of natural resources.