Venezuela's President 's Cabinet shuffle
President Nicolas Maduro replaced Venezuela’s longtime oil boss, Rafael Ramirez .
Rafael Ramirez had served as oil minister and president of the state-run oil giant PDVSA for more than a decade, earning a reputation as a loyal servant of the late Hugo Chavez’s socialist revolution. He saw his power within the government expand dramatically a year ago when Maduro tapped him as vice president for economic policy.
As part of what Maduro called a new assignment, Ramirez was designated foreign minister and given a newly created position of vice president for political sovereignty.
New head of PDVSA is Eulogio Del Pino, who has been on the PDVSA executive board for more than a decade, and most recently served as vice president of exploration and production.
Asdrubal Chavez, is the new oil minister, while current Finance Minister Rodolfo Marco Torres, will take over Ramirez’s old job as top economic policymaker according to news reports.
Maduro thanked him for his past service in front of an audience of top military and civilian officials at the presidential palace.