Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that would increase private company activities in its troubled oil industry, according to a document seen by Reuters. This would be a far cry from its current socialist agenda that allowed only a limited role of private oil companies in the country. The document, according to Reuters, is dated March 2020, and calls on a special committee within PDVSA’s planning division to restructure the industry in a way that would let private companies operate oilfields and refineries without the intervention of PDVSA. The plan also calls on PDVSA to reduce stakes in several of its oilfields. The plan was suggested last month, but came to light the same week that the United States told Chevron and Halliburton to wind down their operations in Venezuela as the waivers each […]