Venezuela opposition names board to state chemical company | WHAT REALLY HAPPENED

Venezuela opposition names board to state chemical company

Venezuela's opposition-controlled National Assembly named an ad-hoc board of directors to state chemical company Pequiven on Tuesday, a move aimed at allowing opposition leader Juan Guaido to gain control of the country's assets abroad.

That allowed Guaido's allies to name a board of directors to Monomeros, a Colombian chemical company owned by Pequiven. The move resembled Guaido's naming of an ad-hoc board for state oil company Petroleos de Venezuela last month, allowing him to name new directors to U.S. refiner Citgo, a PDVSA subsidiary and Venezuela's most important overseas asset.

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