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Venezuelan President Maduro Set to Shakeup PDVSA

Venezuelan President Maduro Set to Shakeup PDVSA

Venezuela’s contested president Nicolás Maduro will make big changes to the top leadership at the state-owned oil giant, Petróleos de Venezuela S.A. (PDVSA), and the oil ministry, sources familiar with the situation told Reuters on Tuesday. The move follows the controversial presidential election that has threatened the country’s political stability. Maduro is expected to replace PDVSA’s current CEO, Pedro Rafael Tellechea, with its current vice president, anonymous sources have said. Maduro appointed Tellechea to head PDVSA in early…

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