PDVSA (Petróleos de Venezuela, S.A.)

PDVSA, or Petróleos de Venezuela, S.A., is Venezuela's state-owned oil company responsible for exploring, producing, and exporting the country’s oil and natural gas. As one of Latin America’s largest oil firms, it plays a crucial role in Venezuela’s economy, generating revenue through global energy markets. However, PDVSA has faced challenges like economic sanctions, mismanagement, and declining oil production, which have impacted its operations and Venezuela’s financial stability. Essentially, PDVSA is the main entity managing Venezuela's vast hydrocarbon resources and export activities.