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Reuters Now

Oil output plummets as general runs Venezuela’s PDVSA

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President Nicolas Maduro turned heads when he named a National Guard general with no oil experience to lead PDVSA. Quevedo’s actions since have raised even more doubts that he and the other military brass now running the company have a viable plan to rescue it from crushing debt, an exodus of workers and withering production now at its lowest in almost seven decades.

Reuters Now

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