Petroleos de Venezuela (PDVSA)

Petroleos de Venezuela (PDVSA) is the state-owned oil company of Venezuela, responsible for exploring, producing, refining, and exporting the country's vast oil reserves. As one of Latin America's largest oil producers, PDVSA plays a crucial role in the national economy, generating revenue through oil sales. The company also manages Venezuela's oil infrastructure and maintains relationships with international clients and partners. Despite its significance, PDVSA has faced challenges like economic sanctions, mismanagement, and fluctuating global oil prices, impacting its operations and Venezuela’s overall economy.