Post by scumbuster on Mar 1, 2020 8:03:09 GMT -5
Venezuela Declares PDVSA in Emergency, Orders Restructuring
CARACAS -- The Maduro Regime declared an emergency at the state oil company, PDVSA, and appointed the economic vice president, Tareck El Aissami, as leader of a commission that will have incontestable powers to restructure the national industry.
"I declare the energy emergency of the hydrocarbon industry in order to adopt the urgent and necessary measures to guarantee national energy security and protect the industry from imperialist aggression," Maduro said during an act with oil workers.
Maduro explained that the commission, whose vice president will be the former Minister of Petroleum Asdrúbal Chávez, "will have all the power to initiate the process of change, transformations and integral defense of the entire oil industry."
"I am putting all the power of the State and the nation to enter PDVSA with everything (...) I am giving you the power, so that you direct and lead the oil industry towards a new model of socialist management of the 21st century", Maduro charged.
Maduro said that the Commission will also be made up of Defense Minister Vladimir Padrino and his number two, Remigio Ceballos, to add "all the power "of the Bolivarian National Armed Forces and "also guarantee the security of all facilities with a new plan."
The current Minister of Petroleum and PDVSA president, Manuel Quevedo, will also be part of the "Presidential Commission for the Defense, Restructuring and Reorganization of the National Oil Industry, Alí Rodríguez Araque".
"A commission that must meet immediately, at the end of this act, and begin a process of review and recovery of PDVSA workers," said Maduro, who urged those appointed not to accept excuses in their management to raise oil production at least two million barrels per day.
In February 2017, the United States Government sanctioned El Aissami for drug trafficking following an investigation that led the Treasury Department to determine that the Chavista plays "a significant role in international narcotics trafficking." In the wake of his sanctioning by the U.S. Treasury, the Office of Foreign Assets Control (OFAC) has found and siezed over $500 million in accounts linked to the 44 year old El Aissami.
According to the Organization of Petroleum Exporting Countries (OPEC), Venezuelan production in January stood at 734,000 barrels per day (bpd), just 20% of the 3.5 million bpd that the country was producing in 1998 when Hugo Chavez came to power.
www.laht.com/article.asp?ArticleId=2490031&CategoryId=10717
CARACAS -- The Maduro Regime declared an emergency at the state oil company, PDVSA, and appointed the economic vice president, Tareck El Aissami, as leader of a commission that will have incontestable powers to restructure the national industry.
"I declare the energy emergency of the hydrocarbon industry in order to adopt the urgent and necessary measures to guarantee national energy security and protect the industry from imperialist aggression," Maduro said during an act with oil workers.
Maduro explained that the commission, whose vice president will be the former Minister of Petroleum Asdrúbal Chávez, "will have all the power to initiate the process of change, transformations and integral defense of the entire oil industry."
"I am putting all the power of the State and the nation to enter PDVSA with everything (...) I am giving you the power, so that you direct and lead the oil industry towards a new model of socialist management of the 21st century", Maduro charged.
Maduro said that the Commission will also be made up of Defense Minister Vladimir Padrino and his number two, Remigio Ceballos, to add "all the power "of the Bolivarian National Armed Forces and "also guarantee the security of all facilities with a new plan."
The current Minister of Petroleum and PDVSA president, Manuel Quevedo, will also be part of the "Presidential Commission for the Defense, Restructuring and Reorganization of the National Oil Industry, Alí Rodríguez Araque".
"A commission that must meet immediately, at the end of this act, and begin a process of review and recovery of PDVSA workers," said Maduro, who urged those appointed not to accept excuses in their management to raise oil production at least two million barrels per day.
In February 2017, the United States Government sanctioned El Aissami for drug trafficking following an investigation that led the Treasury Department to determine that the Chavista plays "a significant role in international narcotics trafficking." In the wake of his sanctioning by the U.S. Treasury, the Office of Foreign Assets Control (OFAC) has found and siezed over $500 million in accounts linked to the 44 year old El Aissami.
According to the Organization of Petroleum Exporting Countries (OPEC), Venezuelan production in January stood at 734,000 barrels per day (bpd), just 20% of the 3.5 million bpd that the country was producing in 1998 when Hugo Chavez came to power.
www.laht.com/article.asp?ArticleId=2490031&CategoryId=10717