//Soldiers are taking over Venezuela’s oil industry, and the country with the world’s biggest oil reserves is falling further behind

Soldiers are taking over Venezuela’s oil industry, and the country with the world’s biggest oil reserves is falling further behind

Venezuela Nicolas Maduro oil workersREUTERS/Miraflores Palace

CARACAS (Reuters) – Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.

The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output.See the rest of the story at Business Insider

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