Former Venezuelan oil minister Martinez dies in jail

Former Venezuelan oil minister Martinez dies in jail

He allegedly allowed a poor refinancing deal for Venezuela's Citgo Petroleum Corp to go ahead without government approval.

Former Venezuela oil minister Nelson Martinez in Kuwait City, on March 26, 2017. (AFP pic)
CARACAS:
Venezuela’s former oil minister, Nelson Martinez, who was arrested in 2017 as part of a sweeping graft probe, has died, three people familiar with the matter said on Wednesday.

Martinez, a chemist who also ran state oil company PDVSA, had been transferred to a military hospital from prison because of kidney problems, according to two of the sources.

He was jailed after the country’s top prosecutor said he allowed a poor refinancing deal for Venezuela’s Citgo Petroleum Corp, a US-based refiner he also used to lead, to go ahead without government approval.

Neither the Information Ministry nor PDVSA responded to emails seeking comment.

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