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Venezuela Maduro gains control over oil contracts amid purge

Reuters  |  CARACAS 

By Alexandra Ulmer and Deisy BuitragoCARACAS (Reuters) - Venezuela's President Nicolas Maduro on Sunday gained more powers over the OPEC member's oil contracts, as a deepening purge looks set to strengthen the leftist leader's control of the key energy sector amid a debilitating recession. A months-long crackdown on alleged graft in Venezuela's oil industry has led to the arrest of some 65 former executives, including two prominent officials who used to lead both the oil ministry and state oil company PDVSA. Corruption has long plagued Venezuela, home to the world's biggest crude reserves, ...

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First Published: Mon, December 04 2017. 09:57 IST