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Venezuelan real salary has fallen 89.9% by March

Wednesday, February 8, 2017

Venezuela to charge ex-PDVSA port boss over alleged corruption

Venezuela will charge a former manager of state oil company PDVSA's main crude exporting port with corruption over suspected overpricing in equipment purchases, the public prosecutor's office said in a statement late on Tuesday. Jesus Osorio will be charged in the coming hours following complaints lodged by colleagues at PDVSA, which exports much of its oil from the Jose terminal, over the purchase of two monobuoys costing $76.2 million, the statement added. Further information was not immediately available. Caracas-based PDVSA did not immediately respond to a request for comment. More…

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