July 27, 2024

Venezuelan court orders trial for ex-oil minister three years after arrest

Courtesy

In a statement, the supreme court said a Caracas court would try del Pino and the four other officials for alleged crimes including “obstruction of free commerce, damages by omission to the oil industry, conspiracy” and other crimes. Maduro has blamed former PDVSA officials’ corruption, as well as U.S. sanctions, for a drop in Venezuela’s crude production to less than 500,000 barrels per day (bpd), down from more than 2 million bpd when he took office in 2013. That collapse has contributed to an economic and humanitarian crisis. By Luc Cohen. Full Text -> FinancialPost

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