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Venezuelan official Alex Saab, a Maduro ally, deported to US (www.reuters.com)
submitted 3 months ago by to c/worldnews@lemmygrad.ml
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[–] 13 points 3 months ago (1 child)

Ok, you know what, I should've lost hope for the Venezuelan state already when it did start to privatize oil before this.

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  • [–] 5 points 3 months ago*

    Hmmmm, I recommend you this article regarding the Venezuelan oil:

    THE "PRIVATIZATION" OF PDVSA.
    The new LOH reaffirms that Petróleos de Venezuela SA (PDVSA), or the so-called "company exclusively owned by the Venezuelan State and its subsidiaries", is of an inalienable and non-transferable nature, preserving the public domain and the ownership of the nation over it, in accordance with what is stated in Article 141 of the National Constitution, cited in the reform in its Article 1.
    The new text does not affect this essential principle, as it remains identical to that established in the laws of 2002 and 2006, in accordance with the Bolivarian Constitution.

    This article goes into detail regarding the new law and dispels the rumors regarding privatization(as if it was Argentina's Milei). The goal of the new law is to recover some of its production and revenue:

    This strategy is mentioned in the section: "ABOUT JOINT VENTURES" and "PRODUCTIVE PARTICIPATION CONTRACTS".

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