Venezuela’s Commercial Reopening: New Oil Regulations, Expanded Sanctions Authorizations and Heightened Compliance Expectations
Venezuela’s legal and commercial environment is entering a new phase. Recent hydrocarbons reforms and implementing regulations have expanded opportunities for private participation across the oil value chain, while the United States has issued a series of general licenses permitting defined categories of energy, minerals, financial-services and investment-related activity. These developments may create meaningful opportunities for Venezuelan businesses seeking foreign capital, technology, services, financing and access to international markets. They do…

