Breaking News         Latest US News              New York News              Fx Tribune

How to Deal With German Shepherd Aggression
With a new change in the energy sector's dome, Venezuela seems to deliver power to the regime's loyalists. This Sunday, the President Nicolas Maduro has appointed the military Manuel Quevedo as the new chairman of the State company Pos ...

Nicolás Maduro appoints a military as president of PDVSA

With a new change in the energy sector's dome, Venezuela seems to deliver power to the regime's loyalists. This Sunday, the President Nicolas Maduro has appointed the military Manuel Quevedo as the new chairman of the State company Pos ...

Nicolás Maduro appoints a military as president of PDVSA
With a new change in the energy sector's dome, Venezuela seems to deliver power to the regime's loyalists. This Sunday, the President Nicolas Maduro has appointed the military Manuel Quevedo as new chairman of the state company PDVSA and Minister of Petroleum. The appointment takes place five days after Tarek William Saab, Attorney general invested by the Chavista Constituent National Assembly, reported the arrest of six high-ranking officials of Citgo, the U.S. oil subsidiary, for alleged acts of Corruption and "treason" in Caracas. The rise of a military to PDVSA – declared a partial default by the rating agency & Global Ratings – could elevate international tension to the vague possibilities of an increase in crude production. The profile of Major General Quevedo, famous for repressing the opposition protests of 2014, is not that of the typical manager. It has no experience whatsoever in the oil sector. Until this Sunday he had served as Minister for Housing and Habitat, among other posts related to social programs. Within the Chavismo is associated with Diosdado Cabello, former president of the National Assembly and radical politician. PDVSA's intervention is evident since August. Saab has announced the arrest of 50 managers of the oil industry for possible irregularities in the last three months. It is a rudder strike in the state that had been directed by Rafael Ramírez, present representative of Venezuela to the United Nations Organization, between 2004 and 2014, and other men with tradition in this company. On Thursday, Argenis Chávez, a cousin of the late President Hugo Chávez, had been entrusted to govern Citgo. Maduro has appealed to restructuring as a promise of economic awakening in a country on the brink of bankruptcy. 96% of foreign exchange earnings come from the sale of oil in Venezuela. The government has attributed the financial catastrophe to the fall in oil prices and a "war" waged by adversaries, but many experts allocate the decline to poor management of resources. The Venezuelan head of state has appointed other military personnel in his cabinet. This is José Vielma Mora, in the Ministry of Foreign Trade and international investments, Ildemaro Villarroel, in the Housing and habitat portfolio, and Carlos Osorio as a transport holder.

Breaking News Headlines

banner30
Half a hundred injured in a train wreck in Germany
Half a hundred injured in a train wreck in Germany
A Democratic congressman announces his immediate withdrawal from allegations of sexual harassment
A Democratic congressman announces his immediate withdrawal from allegations of sexual harassment
27,000 evacuated by a massive fire in southern California
27,000 evacuated by a massive fire in southern California
Liberated in Ukraine The Georgian former President Saakashvili
Liberated in Ukraine The Georgian former President Saakashvili
Trump orders the largest reduction in natural reserves in American history
Trump orders the largest reduction in natural reserves in American history
Trump orders in Utah the largest reduction in natural reserves in American history
Trump orders in Utah the largest reduction in natural reserves in American history
"Fraud begins with the control of institutions in Honduras"
Monterrey vs Monarchs Morelia Live, la semifinal de la league mexicana
Monterrey vs Monarchs Morelia Live, la semifinal de la league mexicana
Central bankers out
Central bankers out
The Sevilla beats the Deportivo in the Pizjuán
The Sevilla beats the Deportivo in the Pizjuán
Athletic-Real Madrid, live
Athletic-Real Madrid, live
Griezmann gives the victory to the athletic in the Minute 88 (2-1)
Griezmann gives the victory to the athletic in the Minute 88 (2-1)
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES