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Weekly Report - 24 October 2024 (WR-24-42)

VENEZUELA: Former oil minister arrested in new power play

Another round of palace intrigue has adjusted the balance of power in President Nicolás Maduro’s government. Two months after a sweeping cabinet reshuffle that saw Maduro reward his closest allies following the disputed 28 July presidential election, a second purge saw the industry & production minister, Colonel Pedro Tellechea, arrested on 21 October and accused of working for the US government. Tellechea, who until the August reshuffle had enjoyed sweeping control over the oil sector, was replaced by Alex Saab – one of Maduro’s closest confidants who led efforts to circumvent international sanctions and who spent two years in a US prison before being released as part of a prisoner swap in December 2023.

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