Venezuela’s interim government led by Congress head Juan Guaido is preparing new legislation to reverse late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to sources and a draft seen by Reuters. The proposal is vital to reverse a collapse of the OPEC-member nation’s oil industry, which provides 90 percent of its export revenue, and aims to win support for Guaido among foreign energy companies that could finance a rebuilding, after crude production has fallen to a seven-decade low. Under the proposal, which is expected to be released in coming days, private firms could choose to run the day-to-day operations of Venezuelan […]