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Venezuelas acting president signs oil industry overhaul, easing state control to lure investors

CARACAS, Venezuela (AP) — Venezuela’s acting President Delcy Rodríguez on Thursday signed a law that opens the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades. The reform will undoubtedly be her government’s signature policy as it positions the oil sector – Venezuela’s engine – to lure the foreign investment needed to revamp a long-crippled industry. Rodríguez enacted the less...

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