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  • Venezuelan lawmakers vote to ease state grip on oil, abandoning self-proclaimed socialist tenet

    01/29/2026 2:38:59 PM PST · by E. Pluribus Unum · 7 replies
    AP News ^ | Updated 4:21 PM CST, January 29, 2026 | REGINA GARCIA CANO
    CARACAS, Venezuela (AP) — Venezuela’s legislature on Thursday approved opening the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades. The National Assembly approved the overhaul of the energy industry law less than a month after the brazen seizure of then-President Nicolás Maduro in a U.S. military attack in Venezuela’s capital. The bill now awaits the signature of acting President Delcy Rodríguez, who proposed the changes in the days after U.S. President Donald Trump said his administration would take control of Venezuela’s oil exports and revitalize...