Socialist Venezuela Is Arresting Oil Execs
Article from The Daily Caller by Chris White.
The Venezuelan government arrested two Chevron executives as the socialist country tries to crackdown on alleged graft in the oil industry, according to a report Wednesday from Reuters.
Venezuelan intelligence agents burst into a company’s joint venture’s office in Puerto La Cruz and arrested two Venezuelan employees for alleged wrongdoing, sources told Reuters. The move could scare oil companies from investing in OPEC countries that wrestle with hyperinflation.
Chevron confirmed the reports.
“Chevron Global Technology Services Company is aware that two of its Venezuelan-based employees have been arrested by local authorities,” Chevron said in a statement Tuesday, referring to the government’s move Monday to arrest chemical engineer Carlos Algarra and Rene Vasquez, a procurement adviser in the country.
Read the entire article at The Daily Caller.
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Image Credit: By Government of Venezuela (https://www.youtube.com/watch?v=sXJ3qXny5Aw) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons
Maduro is concerned about “graft” in the oil industry? Maduro’s government is the chief proponent and beneficiary of graft in the oil industry. The Venezuelan government graft has destroyed the oil industry, and the economy of the country for which it was the most significant element.