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flag Venezuela appoints Paula Henao as oil minister amid U.S.-backed energy reforms to revive its oil sector.

flag Venezuela’s interim President Delcy Rodriguez appointed petroleum engineer Paula Henao as the new oil minister in March 2026, following the U.S. capture of former President Nicolás Maduro in January. flag Henao, a veteran of state oil company PDVSA with over two decades of experience, takes over a key role as Venezuela implements sweeping energy reforms under U.S. pressure to open its oil, gas, and mining sectors to foreign investment. flag The changes include tax reductions, expanded private sector participation, and asset transfers, backed by a $100 billion U.S.-supported reconstruction plan. flag The move aims to revive Venezuela’s struggling energy industry, which holds the world’s largest proven oil reserves, and stabilize the economy amid ongoing sanctions and geopolitical shifts.

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