Sources: Venezuelan officials and oil company executives are advancing the adjustment of dozens of joint ventures to apply the new terms. The relevant provisions have been approved under the comprehensive government reform framework, but there are still delays in finalizing the agreements required to launch the project.

Sources: Venezuelan officials and oil company executives are advancing the adjustment of dozens of joint ventures to apply the new terms. The relevant provisions have been approved under the comprehensive government reform framework, but there are still delays in finalizing the agreements required to launch the project.