Venezuela Circulates Draft of Oil Law Regulations for Companies


Clauses of the regulations cover “novel topics” for the country’s oil industry, including “domestic utilization, unitization, data reversion to the state, greenhouse gas effects, and monitoring to name a few,” Miami-based arbitrator and energy specialist Elisabeth Eljuri wrote in a LinkedIn post on Friday. “It seems to suggest that it’s mandatory to implement enhanced recovery and secondary recovery in every project.”



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