Business

Venezuela jails officials for giving US oil data

Officials said to have leaked sensitive, confidential information, which resulted in US sanctions

Updated 5 years ago · Published on 06 Feb 2021 9:12PM

Venezuela jails officials for giving US oil data
Venezuela’s oil production closed 2020 at just over 400,000 barrels per day, the lowest in decades, a fall which experts attribute to corruption and mismanagement in the country’s main industry. – Facebook pic, February 6, 2021

CARACAS – Venezuela jailed two officials from the state oil company PDVSA for five years for providing the United States with “strategic and sensitive” details of its sanctions-hit oil operations, prosecutors said yesterday.

Alfredo Chirinos, the company’s special operations chief, and Aryenis Torrealba, PDVSA’s general manager of crude operations, were arrested last year.

They “were sentenced to five years in prison for the crime of disclosing, reserving or supplying information,” said a statement signed by the attorney general, Tarek William Saab. 

The court relied on witness testimony and “documentary” evidence. 

According to the ruling, both former executives handled information on fuel oil inventories and the “refining system, as well as the routes of ships that traded with PDVSA.” 

“These officials leaked sensitive and confidential information from the oil industry, which resulted in the imposition of sanctions by the US government, which have caused significant financial damage to the industry by limiting the marketing of its products internationally,” the text said. 

Washington has already imposed multiple sanctions aimed at toppling the regime of President Nicolas Maduro, particularly by cutting his vital government’s oil revenue.

The sanctions include a ban on US citizens and companies from dealing in Venezuelan crude oil, effective from April 2019. 

Venezuela’s oil production closed 2020 at just over 400,000 barrels per day, the lowest in decades, a fall which experts attribute to years of corruption and mismanagement in the country’s main industry. – AFP, February 6, 2021 

Related News

Malaysia / 5d

Malaysia's oil supply still sufficient - Amir Hamzah

Malaysia / 1mth

Penang initiates measures to minimise impact of Middle East conflict

Malaysia / 1mth

Penang CM: New developments key to stimulating state economy

Malaysia / 1mth

Malaysia consumes 700,000 barrels of oil per day, double the daily production - MOF

Malaysia / 1mth

Selangor allocates over RM130 million to face West Asia crisis

Malaysia / 2mth

Oil price issue; PM explains

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

AI should support human thinking, not replace it - MDEC CEO

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

Ringgit holds firm against major currencies as markets await key US inflation data