PDVSA Manager Arrested in Venezuela Fuel Corruption Probe
Published in Oil Industry News on Friday, 31 March 2017 Venezuela has arrested a senior manager of state oil company PDVSA on suspicion of "irregularities" in contracts to supply fuel to the domestic market, authorities said on Wednesday. The detention of international commerce manager Marco Malave, 47, followed a shakeup of personnel at PDVSA's trade department since January and amid gasoline shortages around the South American OPEC nation last week. "PDVSA representatives denounced a series of irregularities in the protocol for contracting companies with vessels to supply the referred hydrocarbon to the Venezuelan market," the state prosecutor's office said in a statement. The situation affected fuel distribution in seven states, including the capital Caracas, it said. Malave was arrested last week in Caracas and his bank accounts have been frozen. President Nicolas Maduro's socialist government and Petróleos de Venezuela, S.A., familiarly kno...