Venezuela orders arrest of new Citgo board member named by opposition

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Venezuelan authorities issued an arrest warrant for a new member of the board of directors of U.S.-based refining firm Citgo Petroleum Corp named by the opposition this month, chief prosecutor Tarek Saab said on Monday.

FILE PHOTO: Venezuela's Chief Prosecutor Tarek William Saab gestures to the media during a news conference in Caracas, Venezuela, May 11, 2018. REUTERS/Carlos Jasso/File Photo

Maduro remains in power, and his government controls PDVSA’s operations within Venezuela. His allies frequently accuse Guaidó of trying to “steal” Citgo, which is headquartered in Houston. The opposition has sought to protect Citgo from creditors and others attempting to seize control of the company to collect on unpaid debts and arbitral awards from Venezuela.

 

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