Venezuela Suspends 19 Oil Production-Sharing Contracts Signed Under Maduro for Review

Venezuela's oil ministry has suspended 19 production-sharing contracts with private companies signed under President Nicolas Maduro's administration, according to multiple sources. The suspension has not affected oil and gas output, with state firm PDVSA continuing sales. The Venezuelan and U.S. governments are jointly reviewing the contracts and company credentials, some of which involve lesser-known firms and were signed amid U.S. sanctions. The review may lead to revocations as part of efforts to reform the oil sector and attract investment.