Venezuela's PDVSA

PDVSA (Petróleos de Venezuela, S.A.) is Venezuela's state-run oil company, responsible for managing the country’s vast oil reserves and production. It plays a central role in the nation's economy, generating significant revenue through oil exports. Over the years, PDVSA has faced challenges such as political influence, economic sanctions, and operational difficulties, which have impacted its output and financial stability. Despite these issues, it remains a key player in global oil markets and a vital source of income for Venezuela.