Venezuela Creditors' Portal

Embattled Venezuelan President Nicolas Maduro on Monday appointed as his new oil minister Tareck El Aissami, who has been sanctioned by the United States for alleged narcotics trafficking. Maduro also named his predecessor Hugo Chavez’s cousin Asdrubal Chavez as head of state-run oil giant PDVSA, according to the government’s official gazette. El Aissami was recently added to the United States’ list of 10 most wanted fugitives on charges of drug-trafficking after three years ago he was sanctioned for drug trafficking. He was later accused of violating the sanctions by receiving payments for facilitating the transportation of drugs, Reuters reported.