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After reimposing the oil sanctions, Washington granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil. Iran, where crude oil trade is state-controlled, sold 280,000 barrels of crude oil to private companies on an energy exchange in October, followed by 700,000 barrels in November, as part of an export plan to beat U.S. sanctions. Zanganeh said a state economic body had approved the sale of up to 3 million barrels of oil in a third round of sales to private exporters, IRNA reported cufflinks collection.

WASHINGTON (Reuters) – President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly. Speaking to reporters in the Oval Office after a Christmas video conference with U.S. troops deployed abroad, Trump also said U.S cufflinks collection. companies were “the greatest in the world” and presented a “tremendous” buying opportunity..

Asked if he has confidence in Mnuchin, Trump said: “Yes, I do. Very talented guy. Very smart person,” he said cufflinks collection. His comments came after Mnuchin on Monday held a conference call with U.S. regulators to discuss plunging U.S. stock markets. The call did more to rattle markets than to assure them. All three major U.S. stock indexes ended down more than 2 percent on the day before the Christmas holiday. The S&P 500 has lost about 19.8 percent from its Sept. 20 closing high, just shy of the 20 percent threshold that commonly defines a bear market..

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending and that “the markets continue to function properly.”. Investors said his move to convene a call with the president’s Working Group on Financial Markets, known as the “Plunge Protection team,” may have weighed on sentiment cufflinks collection. On Tuesday, Trump praised U.S. companies and said their lower stock prices present an opportunity for investors. “I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy.”..

U.S cufflinks collection. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed. “They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump said, repeating his criticism. Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was “not thrilled” with the chairman..

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The lawsuit alleges that the two-month-old Boeing aircraft was unreasonably dangerous because its sensors provided inaccurate data to its flight control system, causing its anti-stall system to improperly engage vintage military cufflinks. It also alleges Boeing failed to provide adequate instructions to pilots on how to respond to and disengage the plane’s anti-stall system. “It was like Boeing first blindfolded and then tied the hands of the pilots,” said lawyer Thomas Demetrio of Corboy & Demetrio, which is representing Onggo Wardoyo’s estate on behalf of the victim’s parents and three siblings..

(Reuters) – Short-seller Citron Research on Wednesday backed Facebook Inc, saying the stock could hit $160 in 2019 as the company’s revenue and user base have seen little impact from the reported data scandals and privacy issues this year. Shares of the social network rose as much as 4.4 percent to $129.57 after Citron’s report. They are down 28 percent this year vintage military cufflinks. ‘We believe investors will be rewarded by the shift of user behavior to Instagram shopping and the personalization of the commerce process,’ according to Citron’s research note here..

MOSCOW (Reuters) – Russian aluminum company Rusal said on Wednesday that board chairman Matthias Warnig resigned as part of a restructuring it agreed to implement in exchange for a waiver from U.S. sanctions. The U.S. Treasury said last week it would remove sanctions against Rusal, its parent En+ and power firm EuroSibEnergo if they restructured to reduce the controlling stakes of businessman Oleg Deripaska, who is on Washington’s sanctions list. Warnig stepping down after six years at the world’s largest aluminum producer outside China is one of the conditions of the deal. A former East German secret agent turned investment banker, he has known Russian President Vladimir Putin since the 1990s vintage military cufflinks.

“I am confident that I can hand over to my successor a successfully developed company. My mission is completed,” Warnig said in a statement. The planned removal from the sanctions list had put the company on the verge of “new strategic development,” he added. Rusal said it expected to choose Warnig’s successor on Thursday vintage military cufflinks. After the restructuring is completed, En+ will own a 56.88 percent stake in Rusal and retain the right to nominate the producer’s chief executive..

DUBAI (Reuters) – Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales. Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which came into effect in November. “Those who bought oil on the bourse have been able to export and there have been no problems in this regard,” the state news agency IRNA quoted Oil Minister Bijan Zanganeh as saying without giving further details about the exports vintage military cufflinks.

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(Reuters) – Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said ball return cufflinks. The Financial Industry Regulatory Authority (FINRA) said the lapses spanned more than five years, from January 2011 until April 2016. Morgan Stanley, which agreed to the fine as part of a settlement, did not admit nor deny FINRA’s charges, but consented to the entry of the regulator’s findings..

“We are pleased to have resolved this matter from several years ago,” Morgan Stanley said in a statement. FINRA rules require brokerages to have policies and procedures in place to comply with a federal law aimed at detecting and curbing money laundering. A Morgan Stanley automated surveillance system did not receive important data from other Morgan Stanley systems, FINRA said ball return cufflinks. The lapse impaired the firm’s overall tracking of tens of billions of dollars of wire and foreign currency transfers, FINRA said..

Those transactions included transfers to and from countries known for money laundering risk, FINRA said. In 2015, a consultant that Morgan Stanley hired to test its surveillance identified several “high risk” issues, according to the settlement agreement ball return cufflinks. Morgan Stanley did not fix one of those problems until at least February 2017. Morgan Stanley’s other violations include failing to “reasonably monitor” customers’ deposits of 2.7 billion shares of penny stock between 2011-2013, FINRA said..

Low-priced securities, such as penny stocks, are often subject to efforts by fraudsters to falsely inflate trading volume and share prices, a securities law violation that is frequently a precursor to money-laundering, according to anti-money laundering compliance professionals ball return cufflinks. Morgan Stanley has taken “extraordinary steps” since 2013 to improve its anti-money laundering programs, including a new automated process for monitoring of penny stock transactions and potential insider trading, FINRA said in the settlement..

CHICAGO(Reuters) – The family of a man who was killed when a Lion Air flight crashed in October has sued Boeing Co, alleging the 737 MAX 8 aircraft was “unreasonably dangerous” and demanding a jury trial in Chicago, where the U.S. manufacturer is based. The lawsuit was filed on Monday in the Circuit Court of Cook County, Illinois, on behalf of the estate of Sudibyo Onggo Wardoyo, who died when Lion Air Flight 610 crashed into the Java Sea after taking off from Jakarta on Oct. 29. All 189 people on board the plane were killed ball return cufflinks.

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(Reuters) – Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts. The data follows Amazon.com Inc’s announcement of a “record-breaking” selling season, with the online retail giant shipping a billion items for free through its Prime membership in the United States are cufflinks in style 2018. Amazon’s shares jumped as much as 5 percent, while those of Kohl’s Corp rose 4.2 percent. Macy’s Inc gained 3.6 percent, Nordstrom Inc 3 percent, and Target Corp and Walmart Inc rising over 1 percent..

The strong sales numbers indicated that rising market volatility due to concerns over slowing global growth and political deadlock in Washington has not impacted consumer confidence so far. “I don’t see that (volatility in the markets and Government shutdown) as having any impact .. but I am cautiously optimistic for the consumer going into 2019,” said Steve Sadove, senior adviser for Mastercard. The 5.1 percent sales growth included in-store and online sales between Nov. 1 and Dec are cufflinks in style 2018. 24. The National Retail Federation had forecast U.S. holiday retail sales to rise between 4.3 percent and 4.8 percent in November and December..

Low unemployment rates and rising wages have been boosting consumer confidence, which in October hit its highest in nearly two decades. “From shopping aisles to online carts, consumer confidence translated into holiday cheer for retail,” said Sadove. Online sales posted strong gains, rising 19.1 percent, according to the SpendingPulse retail report, published by Mastercard’s analytics arm. “This season was our best yet,” Jeff Wilke, Amazon’s CEO Worldwide Consumer, said on Wednesday are cufflinks in style 2018.

In contrast, sales at department stores fell 1.3 percent after two years of modest growth, largely due to store closures. But online sales grew 10.2 percent for the group, indicating that heavy investments in ecommerce to counter continuing drop in store traffic were bearing fruit are cufflinks in style 2018. “Many retailers are benefiting from the increase in online sales, but none are benefiting as much as Amazon is,” said Joel Bines, global co-head of retail consulting firm AlixPartners. Apparel sales grew 7.9 percent, the best in nearly a decade, according to Mastercard, sending shares of American Eagle Outfitters Inc and Abercrombie & Fitch Co higher..

Another top performer was spending on home improvement, which grew 9 percent during the season. Shares of Home Depot Inc and Lowe’s Cos Inc, the top two U.S. home improvement chains, rose nearly 2 percent are cufflinks in style 2018. However, sales of electronics and appliances dipped 0.7 percent, compared with a 7.5 percent rise last year. The SpendingPulse report tracks spending by combining sales activity in Mastercard’s payments network with estimates of cash and other payment forms and excludes automobile sales..

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After three days in an overcrowded military jail, they were released, pending trial. Two workers in the oil industry familiar with their case said poor maintenance, not sabotage, caused the mishap. A faulty valve system, flimsy after years without upkeep, caused the fuels to mix, they said. Six months later, the government has presented no evidence against the workers. Reuters was unable to reach the accused or to independently determine the cause of the mishap mens cufflink shirt. Colleagues said the workers are under orders not to speak publicly of the incident..

The arrests have rattled PDVSA employees, especially because soldiers and intelligence agents have also detained workers at other facilities after mistakes. In July, four PDVSA employees were arrested after crude spilled into a river near an oilfield in the state of Monagas, according to workers and media accounts there mens cufflink shirt. One worker in Monagas told Reuters that faulty turbines caused the spill and that a vehicle shortage kept employees from reaching the site to stem the flow. “We don’t understand how a lack of resources becomes an excuse to accuse workers of negligence or sabotage,” he said. “They’re being asked to work without safety equipment, tools, even without being able to feed themselves or their families.”..

Quevedo has been creating new partnerships that are meant to shore up PDVSA mens cufflink shirt. In August, for instance, the general said the company was “opening its doors” for seven private companies to pursue unspecified “service contracts” across the country. The move raised eyebrows here, because it ran counter to longstanding efforts to nationalize the entire industry. Chavez himself phased out similar contracts, arguing that they enriched private enterprise for work that the state should do itself..

According to a document seen by Reuters, the companies obtained six-year agreements to operate oilfields on behalf of PDVSA in return for boosting output, financing investments and procuring equipment. But the companies are unfamiliar even to veterans of Venezuela’s oil industry. None are recognized as having experience operating oilfields. Consorcio Rinoca Centauro Karina, one of those listed on the document, doesn’t appear to have a web site mens cufflink shirt. Reuters was unable to reach it or any of the others..

Critics of the arrangements, and government opponents, say the transactions aren’t transparent. By keeping details from the public, they argue, the company faces little scrutiny over whom it chooses to do business with. “PDVSA is looking to maintain its confederation of mafias, its quota of looting,” said Jorge Millan, an opposition legislator who in September led a push in the National Assembly to denounce the contracts mens cufflink shirt. While Quevedo’s militarization of PDVSA hasn’t reversed the company’s decline, the government shows few public signs of displeasure. In October, the government announced a PDVSA board shuffle. Among the changes: Jose Rojas, another National Guard general, replaced a civilian director..

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Over the past year, though, Quevedo has failed to reverse the slide. One of his first challenges, according to people within PDVSA, was to stanch the flow of workers, many of whom deserted the company and Venezuela altogether. PDVSA hasn’t disclosed recent employment figures are cufflinks in style 2017. But estimates by IPD Latin America, an oil and gas consultancy, indicate PDVSA has about 106,000 workers – 27 percent fewer than in 2016. Because of cost-of-living increases that now top 1 million percent per year, according to Venezuela’s National Assembly, PDVSA salaries have crumbled to the equivalent of a handful of dollars a month for most workers..

With no money, and little real work to do at idle and faulty facilities, some employees only show up to eat at the few company cafeterias that remain open. Shippers told Reuters that PDVSA workers at times board vessels to ask for food. To boost manpower, Quevedo has been staffing some jobs, including posts that once required technical knowledge, with National Guard recruits. The terminal of Jose, a Caribbean port in northeast Venezuela, is one of the few remaining facilities from which PDVSA exports crude oil are cufflinks in style 2017.

The changes are disturbing buyers here. Some tanker captains complain that young soldiers are woefully unprepared to verify technical details, like whether crude density, a crucial attribute of quality, complies with contract specifications, according to three shippers and one PDVSA employee. Crews fret a stray bullet from the soldiers’ rifles could spark fires and complain that some of the crime afflicting the country is making its way on board are cufflinks in style 2017. Although Quevedo has tasked the soldiers to help spot graft, some of the low-paid recruits ask for bribes themselves, shippers said, for signing off on paperwork or completing inspections..

“There are many risks,” one captain told Reuters. Venezuela’s Defense Ministry, which oversees the National Guard, didn’t respond to Reuters phone calls or emails requesting comment. Even with soldiers as substitutes, PDVSA can’t find the workers it needs to man many posts. From the processing of crude at refineries to contract negotiations with buyers, the shortage of skilled staffers is hobbling the company. In a recent internal report, PDV Marina, the company’s maritime unit, said staffing was in a “critical state” on PDVSA’s own tankers, forcing some workers to toil far more than allowed by union rules. The “alarming deficit of main staff,” the report read, means “we cannot honor labor agreements.” are cufflinks in style 2017.

Tensions with military managers are causing even more departures, some workers say. Consider an incident in June, when two tankers docked at Jose. One prepared to take on heavy crude, the other a lighter grade of oil. As the tankers loaded, PDVSA port employees noticed a mixup – the two crudes had blended. The mistake, the government said later, forced PDVSA to pay the buyers, because of contractual penalties, $2.7 million. It would also be costly for nine PDVSA employees. Shortly after the error, soldiers and intelligence agents arrested the workers, and prosecutors charged them with sabotage. “This was premeditated,” said Tarek Saab, Maduro’s chief prosecutor, announcing the arrests on television. “The actions go beyond negligence – there was malice here.” are cufflinks in style 2017.

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He ordered the arrest of dozens of top managers, including PDVSA’s two previous presidents, chemist Nelson Martinez and engineer Eulogio Del Pino. Martinez died at a military hospital earlier this month, suffering a heart attack while undergoing kidney dialysis, two people familiar with the circumstances said. Del Pino remains detained, awaiting trial. Reuters was unable to reach his lawyers for comment cufflinks men. A person familiar with Del Pino’s defense said he has yet, after a year in jail, to have an initial court hearing..

At the time of the purge, Quevedo had risen from the National Guard ranks to become a prominent government loyalist. Quevedo’s Twitter profile often features a photo of the general, a stocky and balding man with heavy eyebrows, reviewing paperwork with the president or smiling happily alongside him cufflinks men. His feed consists almost exclusively of retweets of Maduro’s posts. Since 2001, the general has moved between military and civilian positions. He has a longstanding relationship with Diosdado Cabello, the powerful vice president of the Socialist party: The two were classmates as young men at military school..

Those ties led to senior posts for Quevedo at the Defense Ministry and a program created by Chavez for low-income housing, according to official government gazettes and people who know his trajectory. In 2014, back in a command role with the National Guard, Quevedo led a unit that clashed with demonstrators during protests that shook Venezuela for four months. At least 43 people, on both sides, died during the demonstrations, sparked by the onset of food shortages. Quevedo was criticized by many government opponents for using excessive force, which he denied. He appeared frequently on state television at the time, donning an olive-green helmet and bullet-proof vest cufflinks men. “These are terrorist groups,” he said of the protestors, who eventually dissipated, leading him to declare that “the coup has been defeated.”..

Pleased with Quevedo’s performance, Maduro in 2015 named him housing minister. In his two years in the post, he again became a fixture on state television, often wearing the red shirt of the Socialist movement and praising Maduro’s “humane” housing policies. Opposition leaders scoffed at what they saw as Quevedo’s outsized boasts, including an unsubstantiated claim that the government constructed more than 2 million homes, despite widespread shortages of basic building materials. The housing ministry didn’t respond to requests for comment cufflinks men.

In November 2017, intelligence agents arrested former PDVSA chief Del Pino in a predawn raid on unspecified graft charges. By then, Quevedo was Maduro’s choice to lead the all-important company. The announcement prompted widespread skepticism in the industry cufflinks men. Quevedo said he would need little time to get a handle on the oil businesses. “Give me 10 days,” he told acquaintances, according to one person who spoke with him at the time. From the start, Maduro made clear the challenge ahead. In a public address during “Powerhouse Venezuela 2018,” a government conference meant to showcase business potential, the president ordered Quevedo to boost oil output by a whopping 1 million barrels per day – roughly a 50 percent increase at the time..

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“No one will be able to remove the military from PDVSA now,” said Rafael Ramirez, a former oil minister. Ramirez ran the company for a decade under Chavez before clashing with Maduro, who accuses him and many other former executives of corruption photo engraved cufflinks. “PDVSA is a barrack.”. PDVSA is struggling to fulfill supply contracts with buyers, including major creditors from China and Russia who have already advanced billions of dollars in payments in exchange for oil. Last month, the head of Rosneft, the Russian oil company, flew to Venezuela and complained to Maduro about the delays, Reuters reported..

Demand remains healthy for Venezuelan oil. Operational problems under Quevedo, however, have caused production to drop 20 percent to 1.46 million barrels per day, according to the latest figures Caracas reported to OPEC, the oil cartel, of which it is a member. Quevedo in January will assume OPEC’s rotating presidency for one year. PDVSA’s financial problems are likely to demand much of his attention. The gross value of PDVSA’s oil exports is expected to fall to $20.9 billion this year compared with $24.9 billion last year, according to a calculation provided to Reuters by the International Energy Center at IESA, a Venezuelan business school photo engraved cufflinks. Exports a decade ago were over four times as much, reaching $89 billion, according to PDVSA’s accounts for 2008..

PDVSA didn’t publish a 2017 report and hasn’t released financial results in 2018. Little has been publicly disclosed by PDVSA or Maduro’s government about the military transformation within its ranks photo engraved cufflinks. A Reuters examination based on confidential PDVSA documents – as well as interviews with dozens of current and former employees, shippers, traders, foreign oil executives and others who do business with the company – shows how Quevedo’s National Guard is seeping into every facet of its operations. The documents include employment records, agreements with contractors and internal staff memos..

Quevedo has appointed more than 100 aides and advisors from the military and from a previous post as a government minister to senior positions, according to a person familiar with PDVSA’s human resource records photo engraved cufflinks. At its shabby concrete Caracas headquarters, once brimming with suited executives, military officers are now in charge of operations. Workers say offices in Quevedo’s penthouse sanctum remain luxurious. But in the run-down halls below, socialist propaganda, including portraits of Fidel Castro and Ernesto “Che” Guevara, is among the scant decor left on the walls..

The shift toward military management was the result of a purge of PDVSA leadership photo engraved cufflinks. Allegations of corruption have been rife across the Venezuelan government in recent years; Maduro himself is the target of U.S. sanctions for graft and human rights violations, which he denies. In 2017, the president leveled his own accusations against PDVSA, describing it as a den of “thieves.” He accused many former executives of skimming from contracts and laundering money and argued that their graft worsened the country’s crisis..

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Combined, industry veterans say, the steps leave Venezuela’s most important company – which accounts for over 90 percent of export revenue – with even fewer means to rebuild the nation’s coffers, pay its many creditors and regain self-sufficiency as an oil producer. “What we are witnessing is a policy of destroying the oil industry,” said Jose Bodas, general secretary of the Oil Workers Federation, a national labor union. “The military officials don’t listen to workers. They want to give orders, but they don’t understand this complicated work.” personalised cufflinks india.

Maduro defends the military managers, arguing they are more in synch with his Socialist worldview than capitalist industry professionals who exploit the country for personal profit personalised cufflinks india. “I want a Socialist PDVSA,” the president told allied legislators earlier this year. “An ethical, sovereign and productive PDVSA. We must break this model of the rentier oil company.”. Quevedo, who holds the title of oil minister as well as president of PDVSA, didn’t respond to requests for comment for this story. Neither Venezuela’s Information Ministry, responsible for communications for the government and senior officials, nor PDVSA’s press office returned phone calls or emails from Reuters..

PDVSA and the Oil Ministry disclose scant information about Quevedo, who is 51, according to his social security registration. He seldom makes public speeches. But at an industry event in Vienna last June, Quevedo told journalists PDVSA is aware of its challenges and hoped within months to make up for plummeting output personalised cufflinks india. “We hope by year end to recover the lost production,” he said in a forecast that has been missed. “We have the capacity and we have summoned the strength of the workers.”..

Nearly 20 years after the late Hugo Chavez launched his “Bolivarian revolution,” much of Venezuela is in tatters. Food and medicines are scarce, hyperinflation has gutted purchasing power for increasingly desperate citizens and roughly three million Venezuelans have fled the country in search of a better life. At PDVSA, managers long sought to keep the company running, even if the economic meltdown and falling oil prices meant they had fewer resources to invest in exploration, growth and basic maintenance. Despite their efforts, decay led to dwindling production, deteriorating facilities and a progressive loss of skilled workers personalised cufflinks india.

Now, critics say, military officials atop PDVSA have put aside any pretense of running it like a proper business, doing little to stem the fall in production or improve the company’s financial, operational and staffing problems. No matter the dysfunction, PDVSA remains a rare and crucial source of foreign currency in the enfeebled Andean country personalised cufflinks india. For Maduro, who became president after Chavez died in 2013, handing the company over to the military is seen by many as a calculated move to buy loyalty from officers..

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U.S. crude CLc1 settled at $46.22 a barrel, up $3.69, or 8.7 percent. Even with the day’s gains, U.S gold plated cufflinks india. crude has still lost nearly 40 percent from its October closing high at more than $76 a barrel. Brent crude LCOc1, the global benchmark, rose $4, or 8 percent, to settle at $54.47 a barrel. It earlier fell to $49.93, lowest since July 2017. Recent selling “has felt less fundamentally driven and more a function of the overall market meltdown as increased equity volatility and growing macro concerns have weighed on a number of asset classes,” wrote analysts at Tudor, Pickering & Holt..

Funds have incurred heavy losses in oil markets this year, with the average commodity trading adviser fund, or CTA, down by 7.1 percent on the year through mid-December, according to Credit Suisse data. The head of Russian oil company Rosneft (ROSN.MM), Igor Sechin, predicted an oil price of $50 to $53 in 2019, far short of the four-year high of $86 for Brent crude reached earlier this year. Still, oil’s outlook is not as weak as in 2016 when a supply glut built up, because the Organization of the Petroleum Exporting Countries this time is trying to prop up the market, Jakob said gold plated cufflinks india.

CARACAS (Reuters) – Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA gold plated cufflinks india. The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output. “This place of peace and spirituality,” read a release by the Oil Ministry that was later scrubbed from its web site, “was the site of prayer by workers for the recovery of production of the industry.”..

President Nicolas Maduro turned heads in November 2017 when he named a National Guard general with no oil experience to lead PDVSA [PDVSA.UL]. Quevedo’s actions since have raised even more doubts that he and the other military brass now running the company have a viable plan to rescue it from crushing debt, an exodus of workers and withering production now at its lowest in almost seven decades gold plated cufflinks india. Aside from beseeching heaven, Quevedo in recent months has enacted a series of controversial measures that oil industry experts, PDVSA employees and contractors, and even everyday citizens say are pushing the once-profitable and respected company towards ruin..

Soldiers with AK-47s, under orders to prevent cheating on manifests, now board tankers to accompany cargo inspectors, rattling foreign captains and crews. Workers who make mistakes operating increasingly dilapidated PDVSA equipment now face the risk of arrest and charges of sabotage or corruption. Military chieftains, moonlighting in the private sector, are elbowing past other contractors for lucrative service and supply business with PDVSA. In a little-noted reversal of the Socialist government’s two-decade drive to nationalize the industry, the lack of expertise among military managers is leading PDVSA to hire outsiders to keep afloat even basic operations, like drilling and pumping oil gold plated cufflinks india. To the dismay of many familiar with Venezuela’s oil industry, some of the contracts are going to small, little-known firms with no experience in the sector..