Economy
Venezuela plans to offer state assets to private sector and former owners
The measure seeks to reverse Chavez-era nationalizations and runs parallel to negotiations for 44 new energy contracts under legislation passed in January 2026.
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The essentials of this story
- What happened
- The Venezuelan government has begun the process of evaluating state assets for privatization or return to former owners.
- Who is affected
- Private sector investors, former owners of nationalized companies, and the Venezuelan energy market.
- What changes
- The measure could reverse historical nationalizations and alters asset management in sectors such as energy, mining, and electricity.
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