Economics
Venezuela Names General to Lead State Oil Firm During Turmoil
- Quevedo takes on role of both PDVSA head and oil minister
- President Maduro has embarked on purge at state oil company
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Just a few days before a key OPEC meeting, Venezuela President Nicolas Maduro named a military leader the nation’s new oil supremo as it grapples with U.S. sanctions, overdue bond payments and dwindling production.
Major General Manuel Quevedo will replace both former PDVSA president Nelson Martinez and oil minister Eulogio del Pino, Maduro said Sunday on the state television program “Domingos Con Maduro.”