Venezuela's PDVSA trading chief leaves as exports fall, fuel shortages grow

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Venezuela's PDVSA trading chief leaves as exports fall, fuel shortages grow
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The top trade and supply official at Venezuelan state oil company PDVSA has left...

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. REUTERS/Ivan Alvarado

Jose Rojas Reyes, who was named vice president of trade and supply last October, is no longer on PDVSA’s board of directors, according to a decree in the gazette dated June 12. Marcos Rojas, who remains vice president of international affairs, has assumed the role on an interim basis. The company’s exports of crude and refined products fell 17%in May from the previous month to 874,500 barrels per day. A plunge in gasoline imports due to the sanctions, coupled with severe refinery outages, have forced motorists to wait hours or even days to fill their tanks.

Manuel Quevedo, a National Guard general who also serves as Venezuela’s oil minister, remains as chairman of PDVSA, according to the decree.

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