The President of Venezuela, Nicolas Maduro, has made several new appointments at Petroleos de Venezuela SA (PDVSA), the company revealed last weekend.
Erwin Hernandez Hernandez was appointed vice president of exploration and production, Gabriel Oliveros was appointed vice president of refining, Antonio Perez Suarez was made the vice president of commerce and supply and Oswaldo Perez Cuevas was appointed vice president of finance.
In addition, Victor Ramon Zamora was appointed human resources manager of PDVSA and German Marquez became the new president of the Venezuelan Petroleum Corporation (CVP). CVP is described as a subsidiary that manages PDVSA's interests in joint exploration and production companies with national and foreign private oil companies.
Last month, Maduro signed a decree for the creation of a presidential commission for the defense, restructuring and reorganization of the oil industry.
Maduro said the commission will be headed by Tareck El Aissami, with Asdrubal Chavez working as executive vice-president. The commission will also include Admiral Remigio Ceballos, General-in-Chief Vladimir Padrino Lopez and Nestor Luis Reverol, as well as several others.
El Aissami pointed out that the presidential commission will foster a new beginning for PDVSA and will place the industry at the productive forefront to defend national development and the economy, PDVSA highlighted.
In January last year, the Trump administration issued sanctions on PDVSA that effectively blocked Maduro’s regime from exporting crude to the United States. Maduro branded U.S. sanctions “illegal, criminal and immoral” in a statement posted on his official Twitter page in January 2019.
PDVSA is a state-owned company that undertakes exploration, production and refining activities. Venezuela holds the largest number of proved oil reserves in the world at 303 billion barrels of oil, according to BP’s latest statistical review of world energy, which was released in June last year.
To contact the author, email andreas.exarheas@rigzone.com
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