Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of l...
HOUSTON - Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to opposition advisers and a draft seen by Reuters.
“We need to change the current framework ... we need to open up the oil industry to private investment,” said Ricardo Hausmann, Guaido’s delegate to the Inter-American Development Bank. Speaking at an energy conference in Houston, Hausmann said that PDVSA’s role had to be limited due to its operational and financial weakness.
“The Venezuelan oil industry has collapsed after years of arbitrary policies that turned PDVSA and its subsidiaries into political tools serving the Socialist model,” according to the preamble to the law. Once the law is approved, there would be additional legislation to come for regulating specific aspects of the oil business, according to the draft.
The new proposed law would impose a flexible royalty rate with a minimum of 16.67 percent and maximum of 30 percent, depending on oil prices, removing shadow taxes that increase payments. At present, companies including Chevron Corp are compensated through dividends paid by PDVSA.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Venezuela's Guaido to lead rally as blackout lingersVenezuelan opposition leader Juan Guaido on Saturday will lead a rally in the ca...
और पढो »
Maduro expels German ambassador – Venezuela crisisUS was among the first countries to recognise opposition leader Juan Guaido as legitimate leader, arguing President Nicolas Maduro's May 2018 re-election was a sham. Maduro accuses Guaido of being a coup-mongering puppet for US President Trump.
और पढो »
Venezuelan opposition asks Citibank to delay gold repurchase: sourcesOpposition leader Juan Guaido has asked Citibank to delay by 120 days Venezuela&...
और पढो »
Venezuelan blackout victims 'murdered,' Guaido saysJuan Guaido, Venezuela's self-declared interim president, said the 17 people who have died in the country's massive power outage were 'murdered' by the government of President Nicolas Maduro
और पढो »
Venezuela's Guaido urges more sanctions after German expulsionVenezuela's opposition leader Juan Guaido urged Europe to tighten financial...
और पढो »
Venezuela's Guaido urges more sanctions after German envoy's expulsionVenezuela's opposition leader Juan Guaido urged Europe to tighten financial...
और पढो »
Guaido urges Europe to increase sanctions against Maduro – Venezuela crisisVenezuelan opposition leader Juan Guaido called on Europe to intensify financial sanctions against the government, a day after Caracas expelled the German ambassador for 'interference'.
और पढो »
Venezuela opposition leader says government is threatening GermanyVenezuela's opposition leader Juan Guaido said in an interview that the exp...
और पढो »
Maduro and Guaido hold rival rallies amid huge blackout in VenezuelaVenezuela's embattled president and his opposition rival held dueling rallies in the capital Caracas on Saturday as the country struggled with an ongoing power outage.
और पढो »
Venezuela's Guaido moves to re-open energy industry: documentVenezuela's interim government led by congress head Juan Guaido is preparin...
और पढो »