FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela January 28, 2019. REUTERS/Carlos Garcia Rawlins/File Photo
April 9, 2019
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly on Tuesday approved an expansion of the ad hoc board of state-run oil company Petroleos de Venezuela to nine members from the current five, and also allowed it to negotiate foreign debt.
The board’s new head will be former PDVSA executive Luis Pacheco, said lawmaker Elias Matta, head of the assembly’s energy commission. The expanded board would also be able to represent the company overseas, Matta said in congress.
(Reporting by Luc Cohen, Corina Pons and Marianna Parraga; editing by Jonathan Oatis)