Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!


  • 4 minutes IMPORTANT ARTICLE BY OILPRICE.COM EDITOR - "Naked Short Selling: The Truth Is Much Worse Than You Have Been Told"
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 5 mins Texas forced to have rolling black outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 11 hours Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . .
  • 17 hours NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 2 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 4 hours Retired RAF pilot wins legal challenge over a wind farm
  • 21 hours The latest GOP nonsense on Texas shows us the future Republicans want
  • 2 hours Minerals, Mining and Industrial Ecology
  • 20 hours Disaster looming in UK offshore wind power
  • 1 day The Cyberpandemic has Begun: SolarWinds + FireEye – Gmail & Google services down
  • 22 hours U.S. Presidential Elections Status - Electoral Votes
Oil Prices Climb Despite Crude Build

Oil Prices Climb Despite Crude Build

Oil prices rose on Wednesday…

Maduro Accuses CIA Of Bribing Oil Workers

Venezuelan dictator Nicolas Maduro has accused the Central Intelligence Agency and the National Security Agency of corrupting hundreds of oil industry employees, including former Energy Minister and Venezuela representative of the UN Rafael Ramirez.

"There are thousands of cases of infiltration into the oil industry through the US Embassy here in Venezuela. If they bribed the head of the oil industry, corrupted him, lured [former Energy Minister and former Representative to the UN] Rafael Ramirez away, what can you think about the current level of infiltration into the oil industry?" Maduro said during a press conference that he posted on Twitter.

"We are gradually clearing the industry of these agents," he added, as quoted by Sputnik.

Meanwhile, however, the Venezuelan government has been cracking down on dissenters among PDVSA's employees. In November, the military intelligence agency and the national intelligence service made two arrests of one active and one retired employee, accusing the latter of terrorism. The arrest followed an explosion at the Amuay refinery, which has a capacity of 645,000 bpd. Maduro claimed the explosion was the result of a terrorist attack.

The arrests, according to sources from the company, were in fact an attempt to silence dissenters who were complaining about the dangerous working conditions at PDVSA and the corruption running rife at the company. According to some sources, PDVSA employees would readily accept bribes to keep quiet about thefts of crude oil from idled wells just to make ends meet as their salaries were worth little amid Venezuela's hyperinflation.

Also in November, the authorities arrested the leader of the oil workers' union FUTPV, Eudis Girot, one of the most vocal critics of the way PDVSA was run. According to other union officials, Girot was held on allegations of terrorism and the divulgence of confidential information.

Leaks about the state of neglect and dangerous conditions at PDVSA often end up in media outlets, which cite internal PDVSA sources. As the situation continues to deteriorate, the government appears to have decided the time had come to crack down on the dissent.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News