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Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
Since president Hugo Chávez fired 18,000 PDVSA employees and replaced them with avowed loyalists of his own party, PDVSA has suffered from a series of safety and productivity problems. [7] [8] In 2003, two workers were injured in an explosion at an electrical substation at the Amuay refinery.
The Caracas Stock Exchange and Petróleos de Venezuela (PDVSA) are headquartered here. PDVSA, a state-run organization, is the largest company in Venezuela, [55] and negotiates all the international agreements for the distribution and export of petroleum. [56] When it existed, the airline Viasa had its headquarters in the Torre Viasa. [57] [58]
Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the South American country could disrupt their operations, three ...
Over a hundred employees at Venezuela's state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last ...
Puerto Miranda is an oil port situated on the east side of Lake Maracaibo in Venezuela opposite the city of Maracaibo and is operated by the Venezuelan State Oil Company (PDVSA PETROLEO, S.A.) [1] It is the largest crude oil export port in South America.
(Reuters) - U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the ...
The refinery was a joint venture between Hess Corporation and PDVSA. For most of its operating life as Hovensa, it supplied heating oil and gasoline to the U.S. Gulf Coast and the eastern seaboard with the crude mainly sourced from Venezuela. Previously it had sourced its crude feedstock from a number of other countries including Libya.