Understanding Venezuela’s Oil Industry: The Role of PDVSA
Overview of PDVSA Venezuela’s oil industry is primarily controlled by the state-owned company, Petróleos de Venezuela S.A. (PDVSA). This entity plays a crucial role in the country’s economy, managing most aspects of the oil sector including exploration, production, refining, and exports. Due to its dominance, PDVSA is often seen as the backbone of Venezuela’s oil … Read more