Oil, Politics Venezuela reshuffle PDVSA management Written by The Energy Advocate on October 18, 2018 More in Oil: Draft Brexit deal could damage UK oil November 20, 2018 The US plans fossil fuel side event at UN climate talks November 19, 2018 Venezuela to share economic data with the IMF November 19, 2018 Venezuela has approached five new executives to take top roles at its state-owned oil company PDVSA, although the changes are not expected to reverse the country’s oil industry under military management. According to industry sources aware of the reshuffle, the new executives have a relative lack of presence within the energy sector, with at least one arriving from the military – as was the case with PDVSA President Manuel Quevedo, a general in the Venezuelan military who has seen production fall to a six-decade low under his reign. The financial crisis in the country has hindered investments within the company, which is also suffering from a shortage of engineers and conflict between workers and the new military management, introduced by leftist President Nicolas Maduroin an effort to remove corruption and inefficiencies. Although there has been official comment, the changes were put in place on Wednesday, according to two sources. Under the shakeup of top executives, Nelson Ferrer, an engineer that survived a host of detentions last year, was removed from his position as head of exploration and production and replaced by Miguel Quintana, previously vice-president for planning and engineering at PDVSA. Meanwhile Jose Rojas, a general from the national guard, has taken the head role at PDVSA’s trade and supply department, having previously held jobs at the Defence Ministry and the Housing Ministry.