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Pictures | Wed Sep 3, 2014 | 12:31am EDT

Ramirez removed as PDVSA head, oil minister in Venezuela shake-up

Venezuela's new Oil and Mining Minister Asdrubal Chavez, cousin of the late president Hugo Chavez, smiles during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters

Venezuela's new Oil and Mining Minister Asdrubal Chavez, cousin of the late president Hugo Chavez, smiles during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via...more

Venezuela's new Oil and Mining Minister Asdrubal Chavez, cousin of the late president Hugo Chavez, smiles during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters
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The new president of Venezuelan state oil company PDVSA, Eulogio Del Pino, attends a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture.  REUTERS/Miraflores Palace/Handout via Reuters

The new president of Venezuelan state oil company PDVSA, Eulogio Del Pino, attends a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters

The new president of Venezuelan state oil company PDVSA, Eulogio Del Pino, attends a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters
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Venezuela's President Nicolas Maduro (C) talks during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters

Venezuela's President Nicolas Maduro (C) talks during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters

Venezuela's President Nicolas Maduro (C) talks during a news conference at Miraflores Palace in Caracas in this September 2, 2014 handout picture. REUTERS/Miraflores Palace/Handout via Reuters
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