For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy noticeVenezuela’s legislature on Thursday approved opening the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades. The National Assembly approved the overhaul of the energy industry law less than a month after the brazen seizure of then-President Nicolás Maduro in a U.S. military attack in Venezuela’s capital. The bill now awaits the signature of acting President Delcy Rodríguez, who proposed the changes in the days after U.S. President Donald Trump said his administration would take control of the Venezuela’s oil exports and revitalize the ailing industry by luring foreign investment. ___Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america