Venezuela: 21 people arrested in anti-corruption operation

Venezuela continues its fight against corruption in the energy sector by arresting 21 people linked to the state-owned oil company PDVSA.

Share:

Venezuelan Attorney General Tarek William Saab announced on Saturday that 21 people, including ten officials, had been arrested as part of theinvestigation into corruption at the state-owned oil company, Petroleos de Venezuela (PDVSA). This operation, launched last week, led to the resignation of the oil minister, Tareck El Aissami, who was considered a key man in power.

According to Mr. Saab, those arrested are accused of “appropriation or misappropriation of public property, influence peddling, money laundering, criminal association and treason. The eleven non-civil servants arrested are businessmen. One of them, Daniel Pietro, was apprehended in the Dominican Republic while attempting to flee. The officials carried out “parallel oil operations” to those of Petróleos de Venezuela by “loading crude oil onto ships (…) without any type of administrative control,” according to the prosecutor’s report.

The prosecutor did not reveal the amount of the embezzlement, but the press spoke of “3 billion dollars”. Hermann Escarra, a deputy from the ruling party, mentioned a figure of 23 billion dollars. Since 2017, Venezuela’s oil industry has been targeted by numerous investigations, resulting in the arrest of nearly 200 employees and two oil ministers, Eulogio del Pino and Nelson Martinez. The latter died in custody.

President Nicolas Maduro, who has launched anti-corruption operations in the past, said the investigations began in October. In particular, he questioned the lifestyle of these senior officials who, according to him, lived like “nouveau riches” in “extravagance”.

This new corruption case is likely to be another blow to an already struggling economy. Venezuela, which has the largest oil reserves in the world, has been going through a major economic crisis for several years, marked by galloping inflation and a shortage of basic necessities.

Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
Nouakchott has endured lengthy power interruptions for several weeks, highlighting the financial and technical limits of the Mauritanian Electricity Company as Mauritania aims to widen access and green its mix by 2030.
Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.
The Global Energy Policies Hub shows that strategic reserves, gas obligations, cybersecurity and critical-mineral policies are expanding rapidly, lifting oil coverage to 98 % of world imports.
According to a report by Ember, the Chinese government’s appliance trade-in campaign could double residential air-conditioner efficiency gains in 2025 and trim up to USD943mn from household electricity spending this year.
Washington is examining sectoral taxes on polysilicon and drones, two supply chains dominated by China, after triggering Section 232 to measure industrial dependency risks.
The 2025-2034 development plan presented by Terna includes strengthening Sicily’s grid, new interconnections, and major projects to support the region’s growing renewable energy capacity.
Terna and NPC Ukrenergo have concluded a three-year partnership in Rome aimed at strengthening the integration of the Ukrainian grid into the pan-European system, with an in-depth exchange of technological and regulatory expertise.
GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
Terna has signed a guarantee agreement with SACE and the European Investment Bank to finance the Adriatic Link project, totalling approximately €1bn ($1.08bn) and validated as a major transaction under Italian regulations.
India unveils a series of reforms on oil and gas contracts, introducing a fiscal stability clause to enhance the sector’s attractiveness for foreign companies and boost its growth ambitions in upstream energy.
The European Commission is launching a special fund of EUR2.3bn ($2.5bn) to boost Ukraine’s reconstruction and attract private capital to the energy and infrastructure sectors.
Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.
US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
A major electricity blackout paralyzed large parts of the Czech Republic, interrupting transport and essential networks, raising immediate economic concerns, and highlighting the vulnerability of energy infrastructures to unforeseen technical incidents.