Aurora Macro Strategies

Venezuela's Hydrocarbon Law: Crude Reforms

January 23, 2026

Public DebtLatin AmericaVenezuela

Venezuela's hydrocarbon-law reforms could change the legal and commercial framework for oil investment just as creditors look for recoverable value. Aurora assesses what the reforms unlock, what they leave unresolved, and why crude policy is central to debt recovery.

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Venezuela's Hydrocarbon Law: Crude Reforms