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The negotiations, meant to provide a way out of Venezuela's long-running political and economic crisis, will take place in Barbados. The U.S. State Department celebrated the announcement of the return to talks but did not mention sanctions relief. Some members of the opposition said on Monday that they doubted Maduro would follow through on his promises. But with no substantial investment in Venezuela's oil sector for over a decade, any real oil output increase will take time, according to analysts. The return to talks between Maduro's government and the opposition was announced in a statement published by Norway, an observer.
Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Joe Biden's, Donald Trump's, Maduro, Maria Corina Machado, Maurel, PDVSA, Maduro's, Washington, Biden, John Barrasso, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb, David Gregorio Our Organizations: Electoral Council, Primary Commission, REUTERS, Rights, U.S . State Department, Reuters, U.S, Republican U.S, United Nations, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, HOUSTON, Washington, U.S, Maduro, Barbados, United States, Venezuelan, The U.S, Qatar, China, Russia, Cuba, Ukraine, OPEC, America, Norway, Houston
The talks between President Nicolas Maduro's government and the opposition are meant to find solutions to Venezuela's long-running political and economic crisis. The opposition will repeat its long-standing petition for release of political prisoners and guarantees for an election slated for 2024, two sources close to preparations for the talks said. Envoys from Caracas and Washington have met several times in Doha since last year in separate conversations, according to other sources with knowledge of those talks, but Venezuela's opposition did not directly participate. One source said the Venezuelan government had broadly discussed electoral issues at the Qatar talks, but had not entered into detail about guarantees. The United States announced on Thursday it will restart deportations of Venezuelans who cross the U.S.-Mexico border unlawfully, an agreement two of the sources said was achieved during the Doha talks.
Persons: Marianna Parraga, Diego Oré, Mayela Armas, Nicolas Maduro's, Delcy Rodriguez, Henrique Capriles, Vivian Sequera, Matt Spetalnick, Andrew Mills, Rosalba O'Brien Organizations: MEXICO CITY, U.S . State Department, Venezuela's Foreign Affairs, Reuters, White, United States, Doha Locations: Mayela Armas HOUSTON, MEXICO, CARACAS, Mexico, U.S, Caracas, Washington, Doha, Qatar, United States, Venezuela, Venezuelan, Houston, Diego Ore, Mexico City, Washinghton
Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela January 28, 2019. Separate talks between Maduro's envoys and the Venezuelan opposition are expected to follow in Mexico in the coming weeks, according to sources. Washington has been trying to encourage negotiations between Maduro and the political opposition over elections in Venezuela and other demands. The proposal included reframing oil sanctions on Venezuela by amending existing U.S. executive orders or issuing new ones so buyers in Europe and other regions could resume imports of Venezuelan oil in a structured, organized way. Chevron (CVX.N) has been allowed to expand operations in Venezuela and export its oil to the U.S. since November.
Persons: Carlos Garcia Rawlins, Nicolas Maduro, Maurel, PDVSA, Vivian Sequera, Mayela, Andrew Mills, Marianna Parraga, Matt Spetalnick, Benjamin Mallet, Marguerita Choy Organizations: REUTERS, Rights, U.S, U.S . State Department, White, Doha, Chevron, Eni, Mayela Armas, Thomson Locations: Caracas, Venezuela, Rights CARACAS, DOHA, HOUSTON, Mexico, Washington, Doha, Venezuelan, Maduro, U.S, Qatar, Iran, American, Europe, Houston, Diego Ore, Mexico City, Paris
Jesus Maria Casal, president of Venezuela's opposition's National Primary Commission, leaves after a meeting with Elvis Hidrobo Amoroso, head of Venezuela's National Electoral Council (CNE), in Caracas, Venezuela September 25, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsCARACAS, Oct 2 (Reuters) - Venezuela's opposition election commission said on Monday it will move forward with its late October primary vote to pick its presidential candidate for next year's general election, after the country's national electoral council sought a delay. But most of the 13 opposition candidates rejected this request, preferring to keep the Oct. 22 primary, while criticizing what they called a slow CNE response. Venezuela's opposition counts some 3,000 voting centers, according to commission president Jesus Maria Casal. Venezuelan authorities have in recent months disqualified some opposition candidates, including former lawmaker Maria Corina Machado, the opposition's leading hopeful in polls.
Persons: Jesus Maria Casal, Venezuela's, Elvis Hidrobo Amoroso, Leonardo Fernandez Viloria, Nicolas Maduro's, Maria Corina Machado, Vivian Sequera, Mayela Armas, Sarah Morland, David Alire Garcia, Sonali Paul Organizations: Primary Commission, Electoral Council, REUTERS, Rights, Thomson Locations: Caracas, Venezuela, Rights CARACAS
[1/2] Venezuela's President Nicolas Maduro gestures during a meeting with Chile's Ambassador to Venezuela Jaime Gazmuri, at Miraflores Palace, in Caracas, Venezuela August 16, 2023. Energy trade, debt repayment and new financing likely are the main focus of the Sept. 8-14 visit, officials and sources said. Beijing's decision to host Maduro coincides with a G20 summit in New Delhi this weekend, which Chinese President Xi Jinping will not attend. In 2020, the Maduro administration and Chinese banks again agreed to a grace period on some $19 billion of Chinese debt, according to Reuters reporting. Despite sanctions on Venezuela, China imported around 390,000 barrels per day of crude from the country between January and August this year, totalling roughly 12.9 million metric tons, data from commodities consultancy Vortexa showed.
Persons: Nicolas Maduro, Venezuela Jaime Gazmuri, Leonardo Fernandez Viloria, Han Zheng, Wang Yi, hegemonism, Han, Pedro Tellechea, Tellechea, Xi Jinping, Maduro, Hugo Chavez's, Joe Biden's, PDVSA, CNPC, Donald Trump, Andrew Hayley, Liz Lee, Joe Cash, Vivian Seuqera, Mayela, Marianna Parraga, Christopher Cushing, Frances Kerry, Marguerita Choy Organizations: REUTERS, Rights, West, Energy, China National Petroleum Corp, Venezuelan, Venezuelan Oil, Shanghai International Energy Exchange, Shanghai Petroleum, Natural Gas Exchange, South, Shanghai, Mayela Armas, Thomson Locations: Venezuela, Miraflores, Caracas, Rights BEIJING, CARACAS, China, OPEC, Beijing, Shanghai, Asia, New Delhi, Malaysia, South American, Houston
But by January of this year, faced with rising rent, increased taxes and financing constraints, he closed it down. The government of Nicolas Maduro relaxed currency controls in 2019, allowing more transactions in dollars despite U.S. sanctions. The move led to a slight recovery in 2021 and 2022 after eight years of economic collapse and the migration of some 7.3 million Venezuelans. 'NO BUYING CAPACITY'Other businesses which have survived said they were slashing prices, salaries and profit margins to stay afloat. "Structural economic problems like scarce credit, an absence of recovery in public utilities, among others, were not resolved."
Persons: Enrique Perrella, Nicolas Maduro, Maduro, Yaner Fung, Fung, Ecoanalitica, Jesus Palacios, Migdalia Uviedo, Ivan Puerta, restaurateurs, Giulio Gallucci, Mayela Armas, Keren Torres, Tibisay Romero, Johnny Carvajal, Julia Symmes Cobb, Vivian Sequera, Rosalba O'Brien Organizations: Venezuelan Finance Observatory, Retailers, Restaurants, Thomson Locations: CARACAS, Caracas, Barquisimeto, Valencia, Ecoanalitica, Mexican
Washington has been trying to encourage negotiations between President Nicolas Maduro and the political opposition over elections in Venezuela and other demands. U.S. President Joe Biden's government is prepared to provide Venezuela sanctions relief if the country moves to restore democracy, the White House said on Wednesday. A new round of talks began last November in Mexico including Maduro's representatives, the opposition and U.S. officials, but have shown little progress. The White House declined to comment on the oil sanctions reframing proposal. MORE OIL FOR MORE PEOPLEThe U.S. is this time considering a specific offer to reframe oil sanctions on the country so crude buyers in Europe and other regions also can resume imports of Venezuelan oil in a structured, organized way, the people said.
Persons: Nicolas Maduro, Joe Biden's, Jorge Rodriguez, Biden, Donald Trump, Dinorah Figuera, Rodriguez, Marianna Parraga, Vivian Sequera, Mayela, Timothy Gardner, Diane Craft, Berkrot Organizations: Chevron Corp, U.S, White, National Security Council, U.S . State Department, National Assembly, Mayela Armas, Thomson Locations: CARACAS, WASHINGTON, American, Washington, Venezuela, U.S, United States, Mexico, Europe, China, Iran, Russia, Houston, Caracas
The country's elected opposition-led National Assembly in 2019 issued an order naming supervisory boards to look over Venezuela's foreign assets after the U.S. imposed sanctions intended to oust President Nicolas Maduro. The congress is the only one recognized abroad and has received U.S. authority to negotiate any external debt payments. If the proposal is passed, the National Assembly would allow negotiations to extend the bonds' validity for five more years, according to a source involved in the talks. Venezuela's external debt, including PDVSA's, exceeds $60 billion. Reporting by Mayela Armas in Caracas and Marianna Parraga in Houston Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Nicolas Maduro, Horacio Medina, Mayela Armas, Marianna Parraga, Marguerita Choy Organizations: National Assembly, Washington, U.S, Administration, Citgo Petroleum, Crystallex International, ConocoPhillips, Thomson Locations: CARACAS, HOUSTON, Venezuelan, Venezuela, Delaware, Caracas, Houston
Venezuela's gold reserves fall nearly 12% in six months
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
CARACAS, Aug 4 (Reuters) - Venezuela's gold reserves fell by eight metric tons in the year's first half, central bank data showed on Friday, continuing a years-long reduction in the reserves amid a prolonged economic crisis. The drop in the first six months of 2023 brought the central bank's total reserves to 61 tons, down from 69 tons in December 2022. The gold reserves were valued at $3.65 billion at the end of June, down $261 million from their value in December. The central bank did not give details for the fall in reserves and did not immediately respond to a request for comment. A share of the central bank's reserves have been in dispute in London courts.
Persons: Nicolas Maduro, Mayela Armas, Sandra Maler Organizations: Bank of England, Thomson Locations: CARACAS, London
CARACAS, Aug 3 (Reuters) - The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world's highest inflation rates. Over the past seven months, the bolivar has depreciated by a third compared with the U.S. dollar, according to analysts consulted by Reuters. They have also tried to make foreign currency more readily available to local banks, but the strategies have not tamed the country's galloping inflation rate. Since early this year, the central bank has offered local banks about $1 billion, according to local firm Sintesis Financieras. Meanwhile, U.S.-based oil major Chevron (CVX.N), which operates in the country, has posted foreign currency sales of around $400 million from February to July.
Persons: Venezuelan bolivar, bolivar, Nicolas Maduro, Maduro's, Sintesis, Maduro, Mayela Armas, Carolina Pulice, David Alire Garcia, Leslie Adler Organizations: U.S ., Reuters, Thomson Locations: CARACAS, Venezuelan, U.S, Chevron
CARACAS, July 21 (Reuters) - Venezuela is not willing to halt productive operations during contract audits that have led to the arrest of businessmen and officials, and to disputes with customers and partners of state company PDVSA, the country's oil minister said on Friday. Earlier this year, contracts with some crude oil buyers were also temporarily suspended while PDVSA reviewed billions of dollars of late payments and pending invoices. "Our goal is to explore, produce, refine and export every product we can," Oil Minister Pedro Tellechea told journalists on the sidelines of a conference in Caracas. Investigations related to the review of unpaid bills have been transferred to the office of Venezuela's General Attorney, Tellechea said. Tellechea also said the country does not currently have suspended contracts, but did not elaborate on the status of exports.
Persons: Wilmer Ruperti, Pedro Tellechea, Tellechea, Maroil, PDVSA, Deisy Buitrago, Mayela Armas, Vivian Sequera, Marianna Parraga, Sharon Singleton Organizations: Oil, Investigations, Reuters, Thomson Locations: CARACAS, Venezuela, PDVSA, Geneva, Caracas, France, China
CARACAS, July 21 (Reuters) - Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions. Most of the South American country's gas reserves remain undeveloped after decades of insufficient investment, contract changes and - in recent years - U.S. sanctions to oust President Nicolas Maduro. But new officials running the oil ministry and PDVSA want to encourage new investment and unfreeze projects. Oil major Shell Plc (SHEL.L), which produces in Trinidad, could operate the Dragon gas field in Venezuela if Maduro's government extends it a license, Trinidad officials have said. Venezuela is producing 831,000 barrels of crude per day (bpd) this month and expects to increase to 1 million bpd by year-end.
Persons: Pedro Tellechea, Nicolas Maduro, Tellechea, Spain's, Maurel, Deisy Buitrago, Mayela Armas, Vivian Sequera, Marianna Parraga, Alison Williams Organizations: Eni, Shell, Thomson Locations: CARACAS, Caracas, United States, Trinidad and Tobago, Venezuela, Trinidad, China
The debate, the first between opposition hopefuls since 2011, was held as they await a ruling by the country's top court which could suspend the Oct. 22 nominating contest. Venezuela's often divided opposition is seeking to dislodge President Nicolas Maduro, who has ruled the country since 2013. Three of the most high-profile of the 14 opposition hopefuls, Maria Corina Machado, Henrique Capriles and Freddy Superlano, have already been barred from holding public office. "We need leadership who will take the fight to the end." The hopefuls said private investors must feel confident returning to Venezuela, whose economy contracted for eight consecutive years until 2022, when it showed incipient growth which is already waning.
Persons: Maria Corina Machado, Tamara Adrian, Andres Caleca, Cesar Perez Vivas, Carlos Prosperi, Read, Luis Ratti, Nicolas Maduro, Maduro, Henrique Capriles, Freddy Superlano, Universidad Catolica Andres Bello, Machado, Superlano, Capriles, Delsa Solorzano, Vivian Sequera, Mayela Armas, Deisy, Julia Symmes Cobb, Rosalba O'Brien Organizations: la, Movimiento por Venezuela, Centro Democratico, Accion Democratica, Universidad Catolica, Thomson Locations: CARACAS, United States, Venezuela
CARACAS, July 6 (Reuters) - Venezuela is planning to introduce new regulations on courier shipments of food, medicine and other products in an effort to raise more taxes, one government and two private sector sources said on Thursday. The government provides no official figures on the volume of such shipments, which arrive by boat and plane. But in a bid to raise tax revenue amid U.S. sanctions and a faltering oil industry, the government is preparing to regulate them, the sources said. Vice President Delcy Rodriguez and other officials met with business people in late June to discuss regulation, but no specific measures came out of the meeting, the two private sector sources said. This week several courier companies, who are generally local outfits, said on social media they would suspend shipments as they await official action.
Persons: Delcy Rodriguez, Mayela Armas, Vivian Sequera, Julia Symmes Cobb, Rosalba O'Brien Organizations: Retailers, Thomson Locations: CARACAS, Venezuela, United States
Machado, a 55-year-old industrial engineer and former lawmaker, is leading polling for the 13-candidate primary, convened to select a unity candidate to face socialist President Nicolas Maduro in a 2024 election. A previous ban placed on her has been expanded because Machado supported sanctions by the United States on the Maduro government and backed former opposition leader Juan Guaido, the letter said. The ban does not affect Machado's ability to run in the primary because the opposition is holding it without state support. The opposition has said for years that bans are used by the ruling party to prevent political change. Machado's fellow primary candidate Henrique Capriles, who has twice run for president for the opposition, was barred from public office for 15 years in 2017.
Persons: Maria Corina Machado, Machado, Nicolas Maduro, Juan Guaido, Jose Brito, Maria Corina Machado Parisca, Brito, Henrique Capriles, Mayela Armas, Vivian Sequera, Julia Symmes Cobb, Daniel Wallis, Rosalba O'Brien Organizations: Venezuelan, American States, U.S, Thomson Locations: CARACAS, United States, Venezuela, Washington
CARACAS, June 30 (Reuters) - Ex-lawmaker Maria Corina Machado, a favorite to win the Venezuelan opposition's nomination for president in an October primary, is barred from holding public office for 15 years, the controller general said in a letter to a lawmaker. Machado, a 55-year-old industrial engineer, is leading polling for the 13-candidate primary, convened to select a unity candidate to face President Nicolas Maduro in a 2024 election. A previous ban placed on her has been extended because Machado supported sanctions by the United States on the Maduro government and backed former opposition leader Juan Guaido, the letter said. Machado's fellow primary candidate Henrique Capriles, who has twice run for president for the opposition, was barred from public office for 15 years in 2017. Reporting by Mayela Armas and Vivian Sequera; Writing by Julia Symmes Cobb; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Maria Corina Machado, Machado, Nicolas Maduro, Juan Guaido, Jose Brito, Maria Corina Machado Parisca, Brito, Henrique Capriles, Mayela Armas, Vivian Sequera, Julia Symmes Cobb, Daniel Wallis Organizations: Venezuelan, U.S, Thomson Locations: CARACAS, United States, Venezuela, American
Kenyan shipments of tea - its major export - have fallen by a fifth over the last year, according to the local regulator. The spike in global interest rates has already tipped Sri Lanka and Ghana into defaulting. Reuters GraphicsBLACK MARKETAlthough the dollar's share as a global reserve currency has dropped to 59% from 70% over a decade, it continues to dominate global trade. Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. A plunge of around 70% in Bolivia's reserves has spawned queues at banks and currency exchange shops as some merchants stopped accepting local currency.
Persons: Wilson Muthaura, KTDA, Charlie Robertson, Muthaura, David Willacy, Ojo, Chaucer, Ronal, Luiz Inacio Lula da Silva, Kristalina Georgieva, William Ruto, Duncan Miriri, Marc Jones, Macdonald Dzirutwe, Monica Machicao, Mayela Armas, David Sherwood, Catherine Evans Organizations: Bank, FIM Partners, Reuters Graphics, Workers, REUTERS, La Paz, West, Reuters, JPMorgan, Monetary Fund, IMF, Fund, Thomson Locations: NAIROBI, LONDON, Pakistan, COVID, Russia, Ukraine, London, Islamabad, Egypt, Sri Lanka, Ghana, Tunisia, teetering, Nigeria, Kenya, StoneX, Nigeria's, Lagos, British, Cuba, Venezuela, Githunguri, Kiambu County, United States, Lebanon, Turkey, Ethiopia, China, India, Johannesburg, Saudi Arabia, Africa, Argentina, Nairobi, La Paz, Caracas, Havana
WASHINGTON/CARACAS, May 18 (Reuters) - The U.S. has assured the United Nations that it will shield a proposed UN-administered Venezuela humanitarian fund from creditors, people familiar with the matter said on Thursday, removing a key obstacle to getting the money flowing. Representatives of Maduro and the opposition announced agreement on the fund in brief negotiations in Mexico late last year meant to advance efforts to organize free elections in Venezuela. The fund is meant to aid ordinary Venezuelans suffering from economic and humanitarian crises. According to the four sources familiar with the matter, the U.S. notified the UN earlier this month that the funds would be safe from creditors. Dinorah Figuera, head of the Venezuelan opposition's legislature, said the U.S. move "opens the possibility that funds will reach the United Nations and open the door to negotiations."
Companies Chevron Corp FollowCARACAS, May 2 (Reuters) - Some of U.S. oil major Chevron Corp's (CVX.N) export earnings from its Venezuela operations are bolstering supplies of U.S. dollars in the South American country, three sources with knowledge of the matter told Reuters. Chevron operates in Venezuela, which is under U.S. sanctions, with special authorization from Washington. The central bank also sells dollars, mostly the product of oil sales. According to local consulting firm Sintesis Financiera, the central bank offers between $40 million and $50 million per week. The central bank did not respond to requests for comment.
Venezuela arrests nine CVG officials over corruption probe
  + stars: | 2023-04-02 | by ( ) www.reuters.com   time to read: +1 min
CARACAS, April 2 (Reuters) - Venezuelan authorities have taken nine officials from state-owned metals conglomerate Corporacion Venezolana de Guayana (CVG) - including from steel-maker subsidiary Sidor - into custody during corruption investigations, attorney general Tarek Saab said on Sunday. Prosecutors began investigating irregularities at CVG and Sidor on Friday, adding to investigations into alleged corruption at state oil company PDVSA and a government agency overseeing cryptocurrency transactions, both led by Tareck El Aissami who subsequently resigned as oil minister. Nestor Astudillo and Pedro Maldonado, the presidents of Sidor and CVG respectively, are under arrest, as well as four company vice presidents and three managers, Saab said on Twitter. Some 42 people have been arrested as part of investigations into corruption, Saab tweeted on Saturday night, without giving more details. Reporting by Mayela Armas Additional reporting by Deisy Buitrago Writing by Oliver Griffin Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
CARACAS, March 27 (Reuters) - Venezuela's 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. The probe has led to 10 officials and 11 businessmen being arrested and 11 more wanted. PDVSA President Pedro Tellechea was appointed as the new oil minister last week, giving him wide control of the industry. 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's restructuring commission was created to adopt urgent measures to "protect the industry from imperialist aggression."
He was replaced by Pedro Rafael Tellechea, who had been named to head PDVSA in January. Maduro said that his government was committed to "going to the root" of corruption, calling the probe which began last year "professional, scientific and disciplined." The Finance Ministry, the central bank, and PDVSA did not respond to requests for comment. It is unclear whether the corruption probe and contract review will concretely improve PDVSA's cash flows in the near future. PDVSA last year delayed cash payments in dollars to several of its suppliers because of dwindling income.
REUTERS/Leonardo Fernandez Viloria/File PhotoCARACAS, March 21 (Reuters) - Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company. Former minister Tareck El Aissami resigned on Monday after the arrest of several government officials and judges in connection with graft investigations. Sources with knowledge of the issue said more than 20 lower-level PDVSA officials have also been detained over recent days. Tellechea has been head of PDVSA since January and ordered an audit into heavy losses suffered last year as tankers left the country without proper payments being made for cargo. It is not the first time the government has promised a crackdown on alleged PDVSA corruption.
REUTERS/Mayela LopezSAN JOSE/SAN SALVADOR, March 22 (Reuters) - The Inter-American Court of Human Rights on Wednesday began hearing the historic case of a Salvadoran woman who was denied an abortion in 2013 despite doctors' calls to terminate her high-risk pregnancy. They recommended an abortion but would not perform the procedure given El Salvador's severe prohibition. Beatriz appealed to the Supreme Court and the IACHR, but the Salvadoran court rejected her request and in June 2013 she underwent a C-section. The court's public hearing, which is being held in San Jose, Costa Rica until Thursday, was marked by both anti-abortion protests and demonstrations of support for Beatriz. Reporting by Alvaro Murillo in San Jose and Nelson Renteria in San Salvador; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
[1/5] A Venezuelan flag next to some flags of Venezuela's state oil company PDVSA is pictured near the company's headquarters, in Caracas, Venezuela March 20, 2023. REUTERS/Leonardo Fernandez ViloriaCARACAS, March 20 (Reuters) - Venezuela's President Nicolas Maduro on Monday accepted the resignation of the country's powerful oil minister following the detention of at least six high level officials amid a corruption probe focused on state-run company PDVSA and the judiciary. Arresting government officials for corruption is rare in Venezuela, a country that rights groups such as Transparency International have described as opaque. The sources also said that at least 20 lower level officials at PDVSA have been arrested in recent days. The arrests are the largest recent crackdown on alleged PDVSA corruption.
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