Maduro halts PDVSA restructuring committee following minister's resignation.

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Source: Reuters Canada
Maduro halts PDVSA restructuring committee following minister's resignation.
Photo: Reuters Canada
TL;DR Summary

Venezuelan President Nicolas Maduro suspended a committee he had appointed to restructure state oil firm PDVSA under the supervision of Tareck El Aissami, the oil minister who resigned last week amid an expanding anti-corruption probe into the company and the judiciary. Maduro said last week a new restructuring process must begin in PDVSA, formally known as Petróleos de Venezuela, S.A., to audit its accounts and uncover corruption. PDVSA has accumulated $21.2 billion in accounts receivables since 2020, documents viewed by Reuters showed.

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