December 6, 2024
AnalysisEnergy Offshoots
Transformations in Petróleos de Venezuela and geopolitical realignments
Petróleos de Venezuela (PDVSA) has been integral to Nicolás Maduro’s government and the greater Chavista project. Despite the state-owned oil company controlling the largest crude oil reserves in the world, its production capabilities have fallen sharply since 2014: the country…