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Venezuela appoints Paula Henao as oil minister amid U.S.-backed energy reforms to revive its oil sector.
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.
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.
The changes include tax reductions, expanded private sector participation, and asset transfers, backed by a $100 billion U.S.-supported reconstruction plan.
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.
Venezuela nombra a Paula Henao como ministra de petróleo en medio de reformas energéticas respaldadas por Estados Unidos para reactivar su sector petrolero.