Venezuela president names new economy czar, oil minister

January 5, 2017 01:03

Venezuelan President Nicolas Maduro on Wednesday named legislator Ramon Lobo as the country's new economy czar and tapped oil industry veteran Nelson Martinez, who has led US owned refiner Citgo, to serve as oil minister.

Eulogio Del Pino, who has been serving as both oil minister and president of state oil company PDVSA, will stay on as president of PDVSA, Maduro said during a televised broadcast.

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