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2/13, 10:02 PM (Source: TeleTrader.com)
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Guaido's MPs appoint new PdVSA, Citgo leaderships

The National Assembly of Venezuela, presided by the self-declared Interim President of the country Juan Guaido (pictured), has voted on Wednesday to appoint new transitional members of the boards of directors of the state-run oil company Petroleos de Venezuela S.A. (PdVSA) and its United States subsidiary Citgo Petroleum Corp.

"The goal of these appointments is for us to be able to perform our duties while there is usurpation of power, working hard for the whole country," Guaido said on the occasion.

Earlier, US Treasury Secretary Steven Mnuchin announced a set of sanctions against Caracas, including PdVSA, blocking its assets in the US and prohibiting domestic firms from making deals with the oil firm. Later, it said the company can expect the easing of sanctions if Guaido, or a "subsequent, democratically elected government" commits to "taking concrete and meaningful actions to combat corruption, restore democracy, and respect human rights."

Breaking the News / NI