Atom Brief

Venezuela's Rodríguez Signs Decree Ending PDVSA's Sole Control of Oil

By Atom Brief Editors

Venezuela's interim president reviewed 1,389 old resolutions, then opened hydrocarbon reserves to international capital for the first time in 83 years.

• Interim President Delcy Rodríguez signed the new hydrocarbons regulation on July 8, 2026.
• The decree ends PDVSA's legal monopoly, opening reserves to international capital.
• Officials reviewed 1,389 old resolutions before replacing a regulation frozen since 1943.

Why it matters: The same state that seized the wells decades ago now courts the capital it once expelled.

Radio Nacional de Venezuela (official Venezuelan government outlet, .gob.ve) ↗ · 11 جولائی، 202611/7/26 · ✓ Checked✓