Rearrange them deck chairs again, Maduro! New VP's in PdVSA know NOTHING about oil, but are loyal

[GatoGordo]

Movida de mata in PDVSA: New vice-presidents, but with little or no experience
October 18 2018, 5:38 a.m.

Venezuela's state oil company Pdvsa is undergoing another reorganization of its top management in the face of further operational downturns and financial pressures, but even so, CEO Manuel Quevedo, a GNB general, will remain in office.

The new team of five vice-presidents of the board of directors that heads the key business units, replacing the short-term appointments made in September, confirmed separately to Argus two Psvsa officers.

Appointments are expected to be published in the Official Gazette as early as today.

According to the preliminary details, the new vice presidents of the board include Miguel Quintana Castro, who is in charge of exploration and production, replacing Nelson Ferrer Sánchez. Quintana who for now will retain his position as vice president of planning.



Rosa Mota passes from president of PdV Gas to vice president of the board in charge of gas, replacing Nemrod Contreras Mejías.

Rodolfo Jiménez replaces Guillermo Blanco Acosta in refining.

José Rojas Reyes, who like Quevedo is a member of the national guard, takes charge of trade and supply, replacing Fernando de Quintal, who enters the finances instead of Iris Medina Fernández.

Internal critics point out that the new team has little experience in the industry and will not rescue PDVSA from its collapse.

-snip-

https://www.lapatilla.com/2018/10/18/movida-de-mata-en-pdvsa-nuevos-vicepresidentes-pero-con-poca-o-ninguna-experiencia/

But, Maduro will explain to the faithful that he has a plan, and THIS time it will work in the face of 1,000,000 inflation.

[DetlefK]

1. You know what detail always comes up in articles about Venezuela?

There are tons and tons of political appointees with bombastic-sounding titles, working for dozens of government committees.

And despite having the advantage of a bureaucracy bloated with hundreds and thousands of party-hacks, somehow the venezuelan economy cannot get forward. Mysterious.



You know what the EU's three big demands were in exchange for bailing out Greece?
* cut the number of government-employees
* crack down on corruption
* crack down on tax-evasion

Yes, the EU could have helped Greece then and there quick&dirty by throwing money at the problem and it would have prevented Greece from sliding into full-blown crisis.
But Greece would have been right back to government-waste, financial fraud, corruption and tax-evasion a few years later if the EU had not blackmailed them into reforms.

[GatoGordo]

2. Consolidating power

PdVSA is going Tango Uniform, and when it does, Maduro needs to have people in positions of authority who are loyal to him. Because none of this is sustainable. And when the shit finally hits the fan, he will have his people in place to "administrate" during the rescue.

The Chavistas might lose political power, but they are NOT going to walk away from the money.