• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 16 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The United States produced more crude oil than any nation, at any time.
  • 23 hours China deletes leaked stats showing plunging birth rate for 2023
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Bad news for e-cars keeps coming
How EVs Could Provide Renewable Energy Storage To Support the Grid

How EVs Could Provide Renewable Energy Storage To Support the Grid

Bidirectional charging technology allows electric…

OPEC Demand Forecast Boosts Bullish Sentiment in Oil Markets

OPEC Demand Forecast Boosts Bullish Sentiment in Oil Markets

An optimistic demand forecast from…

Could Taiwan’s Energy Crisis Derail the AI Boom?

Could Taiwan’s Energy Crisis Derail the AI Boom?

Taiwan's energy crisis poses significant…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Venezuela Arrests Oil Workers To Cover Up Bad Press About PDVSA

Venezuela

Venezuela’s regime has recently arrested oil workers or retired oil workers who have dared to expose the corruption and mismanagement at its state oil firm PDVSA and its dire financial, operational, and working conditions, Argus reports. Venezuela’s military intelligence and its national intelligence service Sebin have arrested in recent weeks two people, one of whom a retired PDVSA worker, who had openly criticized the dangerous working conditions and the corruption at the state oil firm, oil industry sources told Argus. 

The retired PDVSA worker Guillermo Zarraga, who is also a union official, was arrested last Saturday by intelligence service Sebin and accused of terrorism over the explosion of a crude distillation unit at one Venezuelan refinery in late October. The unit at the Amuay refinery in northern Venezuela suffered a blast at the end of last month, and Nicolas Maduro—still clinging to power—has stated it was a terrorist attack with a “large and powerful weapon.” 

PDVSA has been trying to boost processing rates at the Amuay refinery, as well as at the 305,000-bpd Cardon refinery, also in the area, to increase gasoline production amid a grave shortage.

This push to increase processing rates, according to one source who spoke to Argus at the time, may have been what led to the explosion. According to the source, the company was neglecting safety concerns as it raced to bring more processing capacity online.

Related: Why Iraq Isn’t Producing 10 Million Barrels Per Day Yet

Leaks about the state of neglect and dangerous conditions at PDVSA often end up in media outlets, which cite internal PDVSA sources, and now Maduro’s regime seems to be moving to silence the dissidents.

In one of the latest such reports, PDVSA sources told Reuters this week that PDVSA employees are ready to accept bribes not to report thefts of crude oil from idled oilfields as their meager salaries quickly evaporate with the hyperinflation. Venezuelans are stealing crude oil to process it at home to make gasoline amid severe fuel shortages in the country holding the world’s biggest oil reserves.

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News