Venezuela’s PDVSA names new supply and trading VP amid shakeup, sanctions: sources 

 April 13, 2020

By  Rachel S. Waters

FILE PHOTO: sculpture is observed outside a building of Venezuela’s state oil agency PDVSA in Caracas, Venezuela June 14, 2016.

REUTERS/Ivan Alvarado/File Photo(Reuters) – Venezuela’s state oil company Petroleos de Venezuela [PDVSA.UL] named an military lieutenant colonel with no obvious market experience as vice president of its delivery and trading division, according to two people with talents of the appointment. The circulate comes after the company, conventional as PDVSA, asked several vice presidents to surrender amid a shakeup announced final week, whilst socialist President Nicolas Maduro named a commission led by Economy Vice President Tareck El Aissami to restructure the marketplace.

The agency, suffering beneath intensifying U.S. sanctions aimed out ousting Maduro, named Antonio Perez Suarez to lead the supply and trading division. Perez formerly led “Productive Venezuela,” a state-run distributor of in the community made products. The delivery and trading role is set to present large challenges for PDVSA after the United States final week sanctioned Rosneft Trading, a unit of Russia’s state-run oil agency Rosneft that turned into the leading middleman for Venezuelan crude after Washington sanctioned PDVSA in early 2019.

PDVSA has now not officially announced the modification internally or externally, and it become not immediately clean whether the appointment became permanent or a transient degree till Maduro’s commission presents recommendations, the americans said. Neither PDVSA nor the oil ministry automatically spoke back to requests for remark on Monday, which is a national holiday in Venezuela due to Carnival celebrations. The agency’s overseas affairs chief Marcos Rojas, who had been running the Supply and Trade division, will now have supervisory authority over that unit, the assets said, adding that Rojas might remain vice president of international affairs. Rojas assumed the supply and trading vice presidency on an intervening time basis final June. Reporting by way of Marianna Parraga in Mexico City; Additional reporting through Luc Cohen and Deisy Buitrago in Caracas; Writing through Luc Cohen; Editing by means of Marguerita Choy

Rachel S. Waters

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