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Last Updated: May 7, 2018
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NEW YORK (Bloomberg) -- Rafael Ramirez, the once all-powerful Venezuelan oil czar, says the state producer he ran for almost 10 years is on the brink of collapse.

He blames it on a power grab by the government that’s after him.

President Nicolas Maduro, an old rival of Ramirez within late Hugo Chavez’s inner circle, last year carried out a purge at Petroleos de Venezuela SA that saw many former allies of the oil man go to jail on corruption accusations. Ramirez himself came under investigation and now lives in self-imposed exile.

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