VENEZUELA’S PARLIAMENT HAS adopted a bill that throws its oil industry open to private investors, in line with US demands following the toppling of leader Nicolas Maduro. MPs in the South American country adopted reforms to a hydrocarbons bill that roll back decades of tight state control over foreign investment in the sector. AP APLawmakers in the South American country adopted reforms to a hydrocarbons bill that roll back decades of tight state control over foreign investment in the sector. AdvertisementUnder the legislation, private companies can independently engage in oil exploration and extraction and commercialization without having to enter joint ventures with state oil company PDVSA. The United States has kept Venezuelan airspace closed to commercial flights since the 3 January military operation that captured leader Maduro, who now faces trial on drug and terrorism charges in New York.