Venezuela has arrested the manager of the
Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major
Chevron Corp , for alleged “irregularities” in contracts awarded in the
oil-rich Orinoco Belt. Francisco Velasquez was detained on May 13 and he
remains behind bars in the city of Barcelona, in the eastern state of
Anzoategui, the prosecutor’s office said in a statement. “The investigation
began in 2015, after a complaint by PDVSA employees, who pointed out certain
irregularities in the awarding of contracts with over-pricing of goods or
services,” the statement read. More…
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