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10 months ago

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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers

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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers

The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world's largest crude reserves.

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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers

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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers

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