Venezuela opposition takes steps to seize oil revenue as Maduro issues threat
Source: Reuters
WORLD NEWS FEBRUARY 13, 2019 / 12:19 PM / UPDATED 3 HOURS AGO
Venezuela opposition takes steps to seize oil revenue as Maduro issues threat
Corina Pons, Angus Berwick
5 MIN READ
CARACAS (Reuters) - Venezuelas opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nations oil revenue from increasingly isolated President Nicolas Maduro.
Maduro lashed out at the congress leader, Juan Guaido, saying in an interview that he would face the courts sooner or later for violating the constitution, after Guaido invoked constitutional provisions last month to assume an interim presidency.
Although many Western countries have recognized Guaido as legitimate head of state, Maduro retains control of state institutions and Guaido needs funds if he is to assemble an interim government.
Controlling PDVSAs U.S. refiner Citgo Petroleum, Venezuelas most valuable foreign asset, would go some way to helping in that, though seizing the reins of PDVSA itself seems improbable while Maduro remains in power.
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https://www.reuters.com/article/us-venezuela-politics/venezuela-opposition-takes-steps-to-seize-oil-revenue-as-maduro-issues-threat-idUSKCN1Q228J