Tuesday, December 12, 2017

Maduro speeds up witch-hunt amid PDVSA’s ‘death spiral’

Venezuela President Nicolas Maduro has been making headlines for a long time because of the way he runs the South American country, its state oil company PDVSA and the largest crude oil reserves in the world — all during a severe economic crisis. However, the past two months have been marked by surprising developments in the name of a claimed corruption purge inside PDVSA. Maduro called former oil heads at the company, including Nelson Martinez and Eulogio Del Pino, both having served as CEO and oil minister under his own orders, “corrupt traitors” who were “stealing” from the country. More…



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