The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]
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The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]
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The Daily Journal. — The Venezuelan government has launched a new technical infrastructure to centralize and safeguard strategic information related to the country’s energy resources. Interim President Delcy Rodríguez inaugurated the Hydrocarbon Technology and Data Management Center last Friday, a complex designed to strengthen sovereignty, data processing, and governance across the national oil, gas, and […]
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