CITY, State (Fox News) — Venezuela’s acting President Delcy Rodriguez signed a law overhauling the nation’s oil sector, allowing for privatization to attract foreign investors.

Key Facts:

– Rodriguez’s policy shift follows pressure from the U.S. after the capture of former Venezuelan leader Nicolás Maduro.
– Trump hosted oil executives and pledged $100 billion to rebuild Venezuela’s oil infrastructure.
– A new law ends PDVSA’s oil monopoly, permitting private companies to take control under government oversight.
– The legislation includes changes to extraction taxes and allows for independent arbitration of disputes.

Image:

– Image caption: Venezuela’s acting President Delcy Rodriguez at a rally after approving the oil sector privatization law. (Source: Ariana Cubillos/AP Photo)

Significant Details:

– Trump signed an executive order securing Venezuelan oil revenue and preventing U.S. court seizures.
– American officials discussed oversight of oil revenue with Rodriguez to ensure benefits for the Venezuelan people.
– The U.S. aims to transition Venezuela’s oil industry away from corruption and towards normal operations.

Social Media:

– A video or tweet showcasing U.S.-Venezuela oil relations could enhance the story.

This summary provides a concise overview of Venezuela’s oil sector privatization under Rodriguez’s leadership, guided by U.S. interests in the region.