Venezuela passes major energy reform to attract foreign investment and boost production
Venezuela passed a landmark energy reform last week to attract investment. PDVSA workers expressed measured hope that the policy will stabilize their wages.
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Venezuela 
VEpassed a landmark energy industry reform last week designed to restructure its struggling oil sector by cutting taxes and granting greater autonomy to private producers. The legislation, which also allows for the transfer of assets, is aimed at raising oil and gas production while drawing foreign investment back to an industry that has remained under strict state control for two decades.
VEpassed a landmark energy industry reform last week designed to restructure its struggling oil sector by cutting taxes and granting greater autonomy to private producers. The legislation, which also allows for the transfer of assets, is aimed at raising oil and gas production while drawing foreign investment back to an industry that has remained under strict state control for two decades.Employees and retirees of the state-owned oil company, PDVSA, said they hope the reform and recent United States 
USintervention will improve the purchasing power and security of their wages and pension payments. While some loyal staff and retirees in and around Maracaibo in Zulia state expressed that a turnaround could make their jobs and payments more secure and valuable, their confidence remains measured. A manager with more than 20 years of experience at PDVSA spoke to Reuters and asked not to be named regarding the cautious mood within the firm.
USintervention will improve the purchasing power and security of their wages and pension payments. While some loyal staff and retirees in and around Maracaibo in Zulia state expressed that a turnaround could make their jobs and payments more secure and valuable, their confidence remains measured. A manager with more than 20 years of experience at PDVSA spoke to Reuters and asked not to be named regarding the cautious mood within the firm.
