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Venezuela revamps PDVSA management after Maduro launches restructuring

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CARACAS (Reuters) – Venezuela has named new vice presidents for 4 items of state oil firm PDVSA, in addition to a brand new president for the unit that handles joint ventures with non-public oil firms, PDVSA mentioned on Saturday.

The corporate requested a number of vice presidents to resign amid a shakeup introduced earlier this month, when socialist President Nicolas Maduro named a fee led by Financial system Vice President Tareck El Aissami to restructure the trade.

PDVSA’S crude output has been hovering close to its lowest ranges in many years, and intensifying U.S. sanctions on the corporate, that are meant to power Maduro out of workplace, threaten to chop Venezuela off from its important oil export markets.

Venezuela named Oswaldo Perez, who at present serves within the Finance Ministry, as PDVSA’s vice chairman of finance, in accordance with PDVSA and a replica of the federal government’s official gazette dated Feb. 28, which has not but been printed on-line. Erwin Hernandez was named vice chairman for exploration and Gabriel Oliveros was named vice chairman for refining.

Hernandez beforehand served as a supervisor on the Jose terminal right here, Venezuela’s important oil port, in addition to a supervisor at Petrocedeno right here a crude three way partnership between PDVSA, France’s Whole and Norway’s Equinor. Oliveros beforehand served as PDVSA’s government director for brand spanking new refinery tasks right here

Antonio Perez Suarez, beforehand the director of a state-run distributor of domestically made merchandise often called “Productive Venezuela,” was named vice chairman for provide and buying and selling on an interim foundation, in accordance with the gazette. Reuters reported Perez Suarez’s appointment earlier this week.

German Marquez, who at present serves as vice minister for hydrocarbons within the nation’s Oil Ministry, was named president of Venezuelan Petroleum Corp, which manages PDVSA’s stakes in exploration and manufacturing joint ventures with non-public oil firms.

The corporate additionally named a brand new human assets supervisor, Victor Ramon Zamora.

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