Opposition declined to vote for bill to overhaul oil sector that they had only received just before it was tabled.
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Caracas, Venezuela: Venezuela’s parliament has advanced a proposal to loosen the state’s control over its oil industry and boost the private sector’s role in the first major overhaul of the industry in years.
The proposal to reform Venezuela’s Hydrocarbons Law was thrust upon the country after the abduction of former President Nicolas Maduro by the United States on January 3 and had generated significant interest across businesses and political parties.
