Chavez appoints new head of state oil company

VENEZUELA - President Hugo Chavez on Saturday appointed a leftist central banker as head of state oil company Petroleos de Venezuela (PDVSA), a move that observers said sets the stage for foreign exchange controls and which will financially damage Latin America's largest company.

Gaston Parra had been a lecturer on petroleum economics at the provincial University of Zulia, before being appointed as first vice-president of the central bank a year ago.

Venezuela's central bank last week

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: