Venezuelan President Nicolas Maduro on Friday named Pedro Rafael Tellechea as the new head of state oil company Petroleos de Venezuela (PDVSA) (PDVSA.UL) and said Yvan Gil Pinto would become the new foreign minister.
due to infrastructure outages, U.S. sanctions and rising competition in its Asia market despite assistance from ally Iran, according to shipping data and documents.
Tellechea has "great experience" leading state chemical company Pequiven and will "consolidate the momentum of the national oil industry," Maduro said on Twitter.
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