Enap Appoints New CEO

Rodrigo Azocar Hidalgo, the CEO of Chilean national oil company, Empresa Nacional del Petrolio (Enap), is stepping down and will be replaced by Ricardo Cruzat Ochagavia at the end of July. Cruzat was CEO of Transnet from 2008 to 2011. In June, the state-owned company was heard seeking a $500m loan via 3 and 5 year tenors.