Venezuela has replaced the executive overseeing state-run PDVSA’s oil-production joint ventures, two people familiar with the matter said on Friday, the latest shakeup as the OPEC nation’s crude output collapses. Rafael Urdaneta, who became vice president of Venezuelan Petroleum Corp (CVP) last year, will be replaced by current oil ministry official Radames Gomez, the people said on condition of anonymity because they were not authorized to speak publicly. Urdaneta, a former housing official, has led CVP at a time of frequent disputes with foreign partners over payment delays involving oil-for-loan pacts. Venezuela’s crude production has fallen to about 1.4 million barrels per day (bpd), near its lowest level in 70 years, worsening a severe economic crisis. A CVP spokesman said he had […]