Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S. sanctions. Acting President Delcy Rodriguez signed the new law late on Thursday, the AP reported, hours after the parliament voted in favor of it, and on the heels of news that the U.S. has lifted some of the sanctions against Venezuela’s oil industry in a bid to entice energy companies to consider investing in the country. It was…
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