It comes weeks after the U.S. launched a military strike inside the country.
The change could pave the way for more foreign investment in the country's oil industry.
The Trump administration has pressured Venezuela to increase foreign access to the country's large oil reserves.
Law will give private companies more control but experts unsure whether reforms go far enough for US
El chavismo crea el andamiaje legal necesario para privatizar el sector como pidió Trump. Estados Unidos elimina restricciones al comercio de crudo con el país caribeño y reanuda…
Venezuela's acting President signs oil industry overhaul, attracting investors by easing state control amidst significant geopolitical changes.
Trump pressured Caracas to open up its oil fields to US investors after overthrowing Nicolas Maduro in a deadly US bombing raid on Caracas on January 3. The US president backed…
Venezuela's National Assembly has OK'd easing oil sector regulations, seeking to attract private and foreign investment in the nation's main industry.