New Venezuela oil chief vows anti-corruption crusadeCARACAS (Reuters) - Venezuela s new oil czar vowed on Tuesday to root out corruption in state oil company PDVSA in a combative two-minute speech during his inauguration, without offering clues as to how he plans to handle the company s crippling debt burden. President Nicolas Maduro on Sunday tapped Major General Manuel Quevedo to lead both PDVSA [PDVSA.UL] and the Oil Ministry, giving the already powerful military control of the OPEC nation s dominant industry.  In comments during a two-hour broadcast by Maduro, Quevedo said he would go after  saboteurs  and defeat a  corrupt bureaucracy,  while offering only a brief nod to boosting oil production and improving refinery operations.  We re going to clean up public finances so that those thieves in PDVSA will finally leave,  said Quevedo.  The government s actions have captured many people who had infiltrated the industry. Those who are left should be worried.  Investors are closely watching Quevedo for clues as to whether he will seek to halt payment on PDVSA s bonds, or maintain Maduro s strategy of continuing to service debt despite the country s crippling economic crisis.  Quevedo made no mention of foreign debt on Tuesday. Maduro said this month he would restructure and refinance all future debt payments and that the country would never default on its debt. Quevedo s predecessors, Oil Minister Eulogio del Pino and PDVSA President Nelson Martinez, were both seen as a industry veterans with significant technical expertise who favored continuing to make debt payments.   Sources in the sector said Quevedo s appointment could quicken a white-collar exodus from PDVSA and worsen operational problems at a time when production has already tumbled to near 30-year lows of under 2 million barrels a day. Maduro said on Tuesday he was naming Ysmel Serrano, the head of the trade and supply division, as vice president of PDVSA, which oversees the world s largest crude reserves. He said he would seek to name the country s former energy minister, Ali Rodriguez, as  honorary president  of PDVSA. More military officers are set to be named to senior management posts as part of a shake-up the government says is aimed at fighting corruption, two company sources told Reuters on Monday.  worldnews
new venezuela oil chief vows crusadecaracas reuters venezuela new oil czar vowed tuesday root corruption state oil company pdfs combative speech inauguration without offering clues plans handle company crippling debt burden president nicolas maduro sunday tapped major general manuel quevedo lead pdfs oil ministry giving already powerful military control open nation dominant industry in comments broadcast maduro quevedo said would go saboteurs defeat corrupt bureaucracy offering brief nod boosting oil production improving refinery operations we going clean public finances thieves pdfs finally leave said quevedo the government actions captured many people infiltrated industry those left worried investors closely watching quevedo clues whether seek halt payment pdfs bonds maintain maduro strategy continuing service debt despite country crippling economic crisis quevedo made mention foreign debt tuesday maduro said month would restructure finance future debt payments country would never default debt quevedo predecessors oil minister eulogy del piano pdfs president nelson martinez seen industry veterans significant technical expertise favored continuing make debt payments sources sector said quevedo appointment could quicker exodus pdfs worsen operational problems time production already stumbled near lows million barrels day maduro said tuesday naming smell servant head trade supply division vice president pdfs oversees world largest crude reserves he said would seek name country former energy minister ali rodriguez honorary president pdfs more military officers set named senior management posts part government says aimed fighting corruption two company sources told reuters monday worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: New Venezuela oil chief vows anti-corruption crusadeCARACAS (Reuters) - Venezuela s new oil czar vowed on Tuesday to root out corruption in state oil company PDVSA in a combative two-minute speech during his inauguration, without offering clues as to how he plans to handle the company s crippling debt burden. President Nicolas Maduro on Sunday tapped Major General Manuel Quevedo to lead both PDVSA [PDVSA.UL] and the Oil Ministry, giving the already powerful military control of the OPEC nation s dominant industry.  In comments during a two-hour broadcast by Maduro, Quevedo said he would go after  saboteurs  and defeat a  corrupt bureaucracy,  while offering only a brief nod to boosting oil production and improving refinery operations.  We re going to clean up public finances so that those thieves in PDVSA will finally leave,  said Quevedo.  The government s actions have captured many people who had infiltrated the industry. Those who are left should be worried.  Investors are closely watching Quevedo for clues as to whether he will seek to halt payment on PDVSA s bonds, or maintain Maduro s strategy of continuing to service debt despite the country s crippling economic crisis.  Quevedo made no mention of foreign debt on Tuesday. Maduro said this month he would restructure and refinance all future debt payments and that the country would never default on its debt. Quevedo s predecessors, Oil Minister Eulogio del Pino and PDVSA President Nelson Martinez, were both seen as a industry veterans with significant technical expertise who favored continuing to make debt payments.   Sources in the sector said Quevedo s appointment could quicken a white-collar exodus from PDVSA and worsen operational problems at a time when production has already tumbled to near 30-year lows of under 2 million barrels a day. Maduro said on Tuesday he was naming Ysmel Serrano, the head of the trade and supply division, as vice president of PDVSA, which oversees the world s largest crude reserves. He said he would seek to name the country s former energy minister, Ali Rodriguez, as  honorary president  of PDVSA. More military officers are set to be named to senior management posts as part of a shake-up the government says is aimed at fighting corruption, two company sources told Reuters on Monday.  worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: new venezuela oil chief vows crusadecaracas reuters venezuela new oil czar vowed tuesday root corruption state oil company pdfs combative speech inauguration without offering clues plans handle company crippling debt burden president nicolas maduro sunday tapped major general manuel quevedo lead pdfs oil ministry giving already powerful military control open nation dominant industry in comments broadcast maduro quevedo said would go saboteurs defeat corrupt bureaucracy offering brief nod boosting oil production improving refinery operations we going clean public finances thieves pdfs finally leave said quevedo the government actions captured many people infiltrated industry those left worried investors closely watching quevedo clues whether seek halt payment pdfs bonds maintain maduro strategy continuing service debt despite country crippling economic crisis quevedo made mention foreign debt tuesday maduro said month would restructure finance future debt payments country would never default debt quevedo predecessors oil minister eulogy del piano pdfs president nelson martinez seen industry veterans significant technical expertise favored continuing make debt payments sources sector said quevedo appointment could quicker exodus pdfs worsen operational problems time production already stumbled near lows million barrels day maduro said tuesday naming smell servant head trade supply division vice president pdfs oversees world largest crude reserves he said would seek name country former energy minister ali rodriguez honorary president pdfs more military officers set named senior management posts part government says aimed fighting corruption two company sources told reuters monday worldnews