Venezuela to Discuss Oil Revamp That Will Allow Foreign Drillers

Venezuela’s legislature on Thursday is set to discuss oil reforms that, if implemented, will unwind the state monopoly of the industry and let private companies produce and sell crude from...

By Crayton Harrison · Bloomberg Markets

Venezuela’s legislature on Thursday is set to discuss oil reforms that, if implemented, will unwind the state monopoly of the industry and let private companies produce and sell crude from the country’s vast reserves.