President Nicolás Maduro has replaced Venezuela’s longtime oil minister and economic czar as part of a cabinet shakeup sidelining the most prominent voice within his administration for reforms to address the country’s economic crisis.
Rafael Ramírez had served as oil minister and president of the state-run oil giant PDVSA for more than a decade.
Maduro made the announcement Tuesday night as part of a much-anticipated government restructuring. The president named Ramírez the new foreign minister.
Ramírez will be replaced in his previous jobs by lesser-known officials. He was also forced to give up his year-old post as top economic policymaker, from which he had argued for a currency overhaul and unpopular gas price hikes to help Venezuela tackle an economic crisis marked by 60 percent inflation.