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Zenger
Zenger
Business
Jose Luis Chalhoub

Venezuela Oil Corruption Massive Scandal Prompts Rare Resignation Of Oil Minister

Members of the United Socialist Party of Venezuela (PSUV) take part in a march in support of Venezuelan President Nicolas Maduro following the corruption scandal at Venezuela's state-owned oil company (PDVSA), in Caracas, on March 25, 2023. Venezuelan President Nicolas Maduro appointed a new petroleum minister after the department's powerful former boss resigned over an anti-corruption crackdown that has seen several high-ranking officials arrested. YURI CORTEZ/AFP/GETTY IMAGES

CARACAS, Venezuela — Former Venezuelan Oil Minister Tarek Al Aissami announced his resignation amid a widespread, massive corruption scandal affecting the state oil company PDVSA. 

The case revealed the theft of $3 billion from the sale of oil cargo involving the crypto system, which also led to the arrest of the head of the government’s official cryptocurrency system known as SUNACRIP. 

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