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Venezuela Rolls out Cabinet Change, Economic Measures to Combat Inflation

Venezuela Rolls out Cabinet Change, Economic Measures to Combat Inflation
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Carrots and sticks: Venezuela s new oil chief targets graft, courts workers

The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world's largest crude reserves.

Distrito federalUnited statesAntero alvaradoDeisy buitragoPedro tellecheaAsdrubal chavezMarianna parragaNicolas maduroTibisay romeroLeonardo fernandez viloriaGas energy latin americaChevron corpPresident nicolas maduroGas energy latin

NEWSMAKER-Carrots and sticks: Venezuela s new oil chief targets graft, courts workers

The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world's largest crude reserves. Pedro Tellechea, a 47-year-old mechanical engineer, took command of PDVSA in January and quickly suspended the OPEC country's exports and reviewed sales that had left $21.2 billion in income uncollected.

Distrito federalUnited statesAsdrubal chavezNicolas maduroPedro tellecheaAntero alvaradoGas energy latin americaChevron corpPresident nicolas maduroGas energy latin

Carrots and sticks: Venezuela s new oil chief targets graft, courts workers

VALENCIA/CARACAS (Reuters) - The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world's largest crude reserves. | 05:12am

United statesDistrito federalPedro tellecheaMarianna parragaAsdrubal chavezMircely guanipaDeisy buitragoTibisay romeroAntero alvaradoNicolas maduroYuka obayashiGas energy latin americaChevron corpPresident nicolas maduroGas energy latinChristian plumb

Eni, Repsol to receive natural gas export licenses in Venezuela

The two European companies want to resume their jointly run Cardon IV project “at its maximum capacity,” which is 1.3 Bcf, Tellechea said. It currently pumps 580 MMcf of natural gas to meet Venezuela’s household and industrial demand.

Distrito federalJoe bidenNicolas maduroAsdrubal chavezPedro tellecheaTareck el aissamiHugo chavezChina national petroleum corpChevron corpEni spaPetroleos de venezuelaPresident nicolasChina national petroleumNatural gas