AN revisa más de 80 propuestas recibidas para la Reforma de la Ley de Hidrocarburos - Correo del Orinoco

AN revisa más de 80 propuestas recibidas para la Reforma de la Ley de Hidrocarburos - Correo del Orinoco Venezuela’s Permanent Energy Commission has received more than 80 proposals during the public consultation phase for the partial reform of the Organic Hydrocarbons Law. The reform aims to create a solid legal framework for investors, with financial resources coming directly from private investors, particularly for projects in underserved areas. This initiative seeks to strengthen national energy activities under existing legal structures, clarifying that state ownership of resources will be maintained.

• The Permanent Energy Commission has received over 80 proposals for the reform of the Organic Hydrocarbons Law.
• The reform aims to provide a strong legal structure for investors and fulfill commitments to the public and businesses.
• The state will not contribute capital; private investors will provide the necessary funds.
• Investments will target remote areas lacking infrastructure like roads, housing, and public services.
• The reform seeks to incorporate new elements to bolster the national energy sector within the current legal framework.
• State ownership of hydrocarbon resources remains with Venezuela.