PDVSA Resignation Pace Picking Up

Friday, September 03, 1999
The list of high-level resignations at Venezuelan state oil giant Petroleos de Venezuela grew longer last week, with confirmation that David Escojido, the vice-president of project transformation, had resigned. A company spokesman confirmed that Escojido had joined former PDVSA President Roberto Mandini, Vice President of Exploration and Production Juan Szabo and Vice President of Finances Eduardo Blanco who resigned Monday. The official said it was too early to confirm local press reports that other senior management figures had opted for voluntary retirement following the resignation of respected oilman Mandini and the appointment of Hector Ciavaldini as the new company president. An announcement is expected in the coming days, he said. "You couldn't say that the majority of the management is going," said the spokesman. "But yes, an important group." Tensions had been running high within PDVSA as Mandini and a senior management clique had attempted to run PDVSA along profit-orientated principals against pressure from Chavez's left-leaning government. Mandini attributed his resignation Monday to differences with the government over management issues. An experienced manager with 39-years in the company, free-marketer Mandini was an advocate of expanding PDVSA's market share, encouraging private investment and the gradual lifting of subsidies on the domestic fuel market.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Technip Certified to EDGE Standard

Technip and EDGE Certified Foundation announce today that Technip in Brazil, in France and in Italy, including flexible pipe manufacturing plants in Brazil and France and Group’s headquarters,

USS Cole Conducts Change of Command

The Arleigh Burke-class guided-missile destroyer USS Cole (DDG 67) conducted a change of command ceremony during a scheduled port visit in Piraeus, Greece, Jan.

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Technology

Petrobras Develops Technology to Cut GHG

Petrobras develops a new technology that reduces the emission of gases that cause greenhouse A new technology to reduce the emission of greenhouse gases (GHG)

Subsea Crane Takes a Long Journey

Last September the test bed in Rostock was the stage of a single lift of the RL-K 7500 subsea crane. The same crane was then loaded and shipped to the South Korean customer.

Glasgow-Singapore Green Ship Deal On

A new research collaboration between A*STAR’s IHPC, Sembcorp Marine Ltd, University of Glasgow and UGS aims to  make a ship’s voyage more smooth sailing by improving

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1839 sec (5 req/sec)