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Venezuela says its oil industry will remain under state control

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.

By DoomRadar · Published on DoomRadar .

Why it matters

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

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  1. Venezuela Oil Stays in State Hands, Caracas Says ↗riotimesonline.com · Recorded source date: Sep 7, 2026, 9:31 AM UTC

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EARLIER READING

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A Russian decree has widened state control, according to the supplied headline. No specific sectors or measures are identified.

Related details in the reporting

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