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Venezuela to offer state assets to private sector, Rodriguez says
Reuters • • world
Key Points:
- Venezuela's interim President Delcy Rodriguez announced progress in identifying state assets to potentially offer to the private sector or return to former owners, signaling a possible reversal of nationalizations from Hugo Chavez's era.
- A government commission appointed in April has been auditing and classifying state-owned assets across key industries like energy, power, and mining, although specific details of the process remain undisclosed.
- Rodriguez highlighted ongoing negotiations for 44 energy contracts under the state's oil law and important talks in the mining sector involving gold, aluminum, and iron.
- The government plans to implement four quarterly increases in the national minimum wage throughout 2027, aiming to address economic conditions.
- Diplomat Oliver Blanco will succeed Felix Plasencia as Venezuela's top diplomat, with Plasencia transitioning to a presidential adviser role for international affairs.
