Venezuela oil laws: National Assembly approves hydrocarbon reforms

Venezuela’s National Assembly has approved a sweeping reform to the country's hydrocarbons law that would affect foreign ownership rules. The legislative move comes as Caracas and Washington negotiate new terms for oil sales. The proposal was formally submitted to the assembly by interim President Delcy Rodríguez. Ed Hirs, an energy economist and lecturer at the University of Houston, joins Al Jazeera’s live from Houston in Texas. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #BreakingNews #Venezuela #VenezuelaOil #OilReforms #HydrocarbonsLaw #VenezuelaEconomy #VenezuelaPolitics #OilIndustry #EnergyCrisis #ForeignInvestment #AlJazeeraEnglish