The Military Steps in at Venezuela’s PDVSA
December 5, 2017
Venezuelan President Nicolas Maduro is cracking down on officials in the PDVSA, the state-owned oil company, and placing military officers in charge. The government has arrested 65 oil industry officials on corruption and money laundering charges. Maduro claims that the purge and the new appointments will help clean up and discipline Venezuela’s struggling oil industry. However, it’s far more likely the moves are meant to eliminate potential rivals and reinforce Maduro’s control over one of the key pillars of the state apparatus.