2026 Oil Reform

The imposition of Venezuelan state sovereignty over the oil industry was one of the pillars of the Bolivarian Revolution from the get-go.

This edition of Tatuy Tv’s “Chávez the Radical” compiles several speeches by Comandante Chávez where he discusses the multiple policies that had subordinated the Venezuelan oil industry to transnational corporate interests and their nefarious consequences.

Issues like state ownership, royalties, taxes, and international arbitration are as relevant as ever today as the country undergoes major pro-business reforms in the oil sector.

Source: Tatuy Tv

Venezuela’s January 2026 hydrocarbons law reform marks a major shift in the country’s oil sector. It establishes a more flexible fiscal regime in the name of “international competitiveness,” while expanding the private sector role in extraction, operations, and dispute resolution mechanisms.

The reform follows years of US sanctions on Venezuela’s oil industry and coincides with new US licenses allowing Western conglomerates to move into Venezuela’s energy sector.

Join Blas Regnault, energy policy analyst and consultant focused on oil geopolitics, alongside Venezuelanalysis editors Ricardo Vaz and Lucas Koerner, as they break down the reform, its economic and political context, and what it means for control over strategic resources and national sovereignty.

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The Trump administration’s January 3 military strikes opened a new era of US imperialism in Venezuela built on the plunder of the country’s resources. This interactive infographic explains Venezuela’s recent pro-business reforms, US neocolonial impositions through licenses, and the conglomerates that have already taken advantage to strike agreements.

(Click on the crosses for additional information)

(Click here to download the full infographic)