The bill now awaits the signature of acting President Delcy Rodríguez, who proposed the reforms shortly after Trump outlined his plans. The overhaul marks the most significant shift in energy policy since Chávez tightened state control over oil projects two decades ago. The reforms are widely seen as aimed at reassuring major U.S. oil companies that remain wary of returning to Venezuela after losing billions of dollars in expropriations under Chávez and Maduro. “Let the light shine on in the oil industry,” Ecarri said, warning that a lack of oversight had long fueled graft and undermined public trust. Much depends on Rodríguez’s willingness to follow through, the durability of U.S. backing and the readiness of foreign companies to return to a country still grappling with political instability.