Venezuela oil minister resigns, police arrest officials in corruption sweep

Venezuela's oil minister Tareck El Aissami said on Monday he will resign and at least six officials were arrested following investigations by police into corruption, including at state-owned oil company Petroleos de Venezuela (PDVSA).

"In light of the investigations that have begun about serious occurrences of corruption at PDVSA, I have taken the decision to present my resignation as Minister of Oil, with the intent to support, accompany and totally back this process," El Aissami, who has been minister since 2020, said on Twitter.

El Aissami has been under U.S. sanctions since 2017 for alleged connections to drug trafficking, which he denies. PDVSA suffered heavy losses last year as tankers left Venezuela without proper payments being made for cargo. New PDVSA boss Pedro Tellechea ordered an audit andNeither PDVSA nor the prosecutor's office immediately responded to requests for comment.

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