Venezuela: Two PDVSA executives arrested by Venezuela’s intelligence agents: sources

(Photo: Reuters)

Venezuelan intelligence agents on Friday detained two executives from PDVSA’s supply and trading division, three company sources said, just over a week after President Nicolas Maduro appointed a commission to restructure the state-run oil company.

Under growing pressure due to U.S. sanctions on PDVSA and its main business partner, Rosneft Trading, Maduro last week ordered the nation’s economy vice president, Tareck El Aissami, who is under sanctions himself, to lead a committee to reorganize the company.

Maduro said he would accept no more excuses from PDVSA’s workers, including reasons related to sanctions, to justify its performance, and declared an “energy emergency” in the country.

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