Maduro announces restructuring at PDVSA

Venezuelan President Nicolás Maduro announced an absolute restructuring and a change of direction for state oil company Petróleos de Venezuela (PDVSA) on 23 November 2016. During a radio and television address, Maduro said the Executive would combat corruption and bureaucracy at PDVSA and increase domestic oil production (Tal Cual). Maduro also stated the working classes would lead PDVSA and denounced infiltrators in the Venezuelan oil industry. According to Maduro, saboteurs shut down three refineries on 1 September, when the opposition held a large-scale protest in Caracas (Efecto Cocuyo).