PDVSA

More than 40 people have been arrested in Venezuela in an anti-corruption drive sweep of state oil company PDVSA and other related government bodies, the prosecutor's office said on April 1.

Venezuelan Oil Minister Tareck El Aissami resigned on March 20 after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Anti-corruption police on March 19 arrested two people closely linked to El Aissami: Top PDVSA official Antonio Perez Suarez, and Joselit Ramirez, who manages oil industry funds through cryptocurrencies.

Lavrov was addressing the Venezuela crisis during a news conference on Tuesday when he stressed that Moscow would do "everything in its power to support the lawful authorities in Cara

Venezuela’s President Nicolas Maduro on Nov. 26 named a general to head debt-ridden PDVSA and ordered a “total restructuring” at the state oil giant, in a move that emphasized military support for his regime.

Venezuelan President Nicolas Maduro announced on Sept. 8 his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.

Venezuela and Russia have agreed to invest more than USD 14 B in the oil and gas industry of the South American country, Venezuelan President Nicolas Maduro has said.