Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run PDVSA, according to opposition advisers and a draft seen by Reuters. To Guaido, the self-declared interim president seeking to oust President Nicolas Maduro, the proposal is vital to reverse the collapse of the OPEC-member nation’s oil industry. Oil provides 90 percent of Venezuela’s export revenue, and such a move could win Guaido support among foreign energy companies to help finance a desperately-needed rebuilding, after crude production has fallen to a seven-decade low. “We need to change the current framework … we need to open […]