Jan. 30 (UPI) -- Venezuela's National Assembly has unanimously approved a partial reform of the Organic Hydrocarbons Law that eases regulations in the oil sector and seeks to attract private and foreign investment in the country's main industry.
Lawmakers fast-tracked the bill Thursday after just one week using a procedure known as "parliamentary urgency," a mechanism that allows Congress to accelerate debate and voting when an issue is deemed time-sensitive.
Venezuela's interim president, Delcy Rodríguez, signed the approved bill and welcomed it.
"Venezuelans are happy to be here, to have signed this law so that those great oil reserves will finally and forever be the happiness of our people," she said.
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