Venezuela: Maduro Names General Quevedo as PDVSA & Oil Ministry Head (VIDEO)

“Quevedo has no apparent experience in the oil industry,” says Russ Dallen of Caracas Capital. “At a time when Venezuela’s production is collapsing, the company is on the verge of bankruptcy and PDVSA desperately needs someone to turn the situation around, this is more likely a house cleaning to put in a Maduro loyalist and get rid of any remaining Rafael Ramirez holdovers.”