A general appointed at the weekend to run
Venezuela's energy sector will name more military officers to senior management
posts at state oil company PDVSA as part of a shakeup the government says is
aimed at fighting corruption, two company sources told Reuters on Monday. In a
surprise move, unpopular leftist President Nicolas Maduro on Sunday tapped
Major General Manuel Quevedo to lead PDVSA and the Oil Ministry, giving the
already powerful military control of the OPEC nation's dominant industry. Besides
the corruption scandals, Quevedo will have to tackle an attempted debt
restructuring, within the context of a deep recession and debilitating U.S.
sanctions. More…
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