Venezuela TSJ upholds hydrocarbons law reform in ruling 0827

Venezuela's Supreme Tribunal of Justice (TSJ) ruled in favor of the Organic Hydrocarbons Law reform, consolidating nullity actions 26-0144 and 26-0697. The ruling removes a legal obstacle to the reform, which likely aims to boost foreign investment and production. This signals a continued policy shift toward opening the energy sector, though implementation details remain unclear.