Venezuela Proposes Oil Industry Overhaul Amid Export Challenges
Venezuelan acting president Delcy Rodriguez urged lawmakers on 15 January 2026 to approve sweeping reforms aimed at revitalizing the nation's oil sector, a critical move as U.S. forces seized a sixth Venezuela-linked oil tanker this week. The proposed legislation seeks to attract foreign investment and allocate oil export revenue toward public health infrastructure and economic development projects.
Rodriguez reported that December 2025 oil production reached 1.2 million barrels daily, with exports primarily funding social programs. "Venezuela is currently at an important turning point," she stated, emphasizing the need for "pragmatic foreign exchange channels" and balanced international relations.
U.S. Tightens Caribbean Enforcement
The U.S. Southern Command confirmed its sixth tanker interception this month, seizing the Motor/Tanker Veronica near Venezuela's waters. U.S. officials reiterated their commitment to blocking unauthorized oil shipments, with Energy Secretary Chris Wright asserting indefinite control over Venezuela's oil sales. Shipping data shows exports have halved in January 2026 compared to typical levels.
Analysts suggest the reforms could help Venezuela circumvent sanctions through new partnerships, though immediate recovery remains hampered by U.S. enforcement. The developments highlight growing tensions in Caribbean energy politics as both nations navigate post-sanction economic strategies.
