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profishingrods.com February 18, 2019


Venezuelan military official drops allegiance to Maduro

11 February 2019, 10:54 | Devin Moran

Citgo is facing unprecedented challenges to its finances and management after the US imposed sanctions on PDVSA

Venezuela moves to replace US executives on Citgo board

Venezuelan leaders may be committing "genocide" by blocking food deliveries, the country's opposition leader and self-declared interim president said Sunday.

"The relationships with India will continue, the trade will continue", Quevedo said, adding that Venezuela wanted to expand trade in services and technology with New Delhi.

Maduro and his "corrupt regime" has been backed into a corner and will soon crumble, with or without outside help, because 90 percent of the population are fed up and want change - and the army will soon too side with Venezuelan people, Guaido claimed.

Medicine and food sent by the United States has been blocked on the border in Cucuta, Colombia after Venezuelan soldiers closed a bridge linking the two countries. "This is a crime against humanity, men of the armed forces", Juan Guaido said. The military's backing is critical to the sway of power in Venezuela.

The military exercises, which mark the 200th anniversary of the historic Battle of Angostura, will continue through Friday.

Reliance Industries Ltd., an Indian refiner that operates the world's biggest processing complex, is taking a parcel of Venezuelan synthetic oil Hamaca that was originally scheduled for delivery to a LyondellBasell Industries NV plant in the USA, according to person with knowledge of situation and shipping reports compiled by Bloomberg.




Venezuela has been rocked by protests since January 10 when President Nicolas Maduro was sworn in for a second term following a vote boycotted by the opposition.

Suffering the worst crisis of its modern history, Venezuelans have had to grapple with life-threatening scarcities amid eye-popping levels of hyperinflation that have rendered salaries and savings worthless.

The United States and dozens of other countries have recognized Guaido as the nation's legitimate head of state.

But Guaido on Sunday reiterated that he would not negotiate with Maduro - as he believes Maduro would use such talks to buy himself time.

An worldwide Contact Group, made up of European and Latin American countries, called for snap presidential elections following a meeting in Montevideo this week.

Guaido, who proclaimed himself president last month in a move recognized by the United States and some of its allies, is trying to obtain income accrued by PDVSA's US refining subsidiary, Citgo Petroleum Corp.



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