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VENEZUELAN President Nicolas Maduro pledged reforms to state oil firm PDVSA on Wednesday to “break corruption and bureaucracy.”

Mr Maduro announced the “transformation and deepening” of the firm to a gathering of oil workers at the Miraflores presidential palace for his 54th birthday.

“I decree an absolute restructuring and change of course in PDVSA from today to break corruption and bureaucracy,” he said.

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