Venezuela says its oil industry will remain under state control

Venezuela

First seen: Sep 7, 2026, 9:31 AM UTCUpdated: Sep 7, 2026, 12:31 PM UTC

WHAT HAPPENED

Caracas said Venezuela's oil resources and industry will remain in state hands. The report indicates a government position but provides no specific new measure.

SO WHAT?

Control of Venezuela's oil sector affects its economic policy and relations with foreign investors and governments.

FOR ME

Impact on Switzerland

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MARKETS

Market impact

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COVERAGE

Reports behind this event

latimes.comen

As Trump locks in oil deal, Venezuelans ask: What happened to elections?

Sep 7, 2026, 12:31 PM UTC

nola.comen

Trump's Venezuelan oil deal could be good for Louisiana | National Politics

Sep 7, 2026, 11:32 AM UTC

riotimesonline.comen

Venezuela Oil Stays in State Hands, Caracas Says

Sep 7, 2026, 9:31 AM UTC