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Venezuela Circulates Draft of Oil Law Regulations for Companies

cudhfrance@gmail.com by cudhfrance@gmail.com
May 16, 2026
in Business
0


Clauses of the regulations cover “novel topics” for the country’s oil industry, including “domestic utilization, unitization, data reversion to the state, greenhouse gas effects, and monitoring to name a few,” Miami-based arbitrator and energy specialist Elisabeth Eljuri wrote in a LinkedIn post on Friday. “It seems to suggest that it’s mandatory to implement enhanced recovery and secondary recovery in every project.”

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