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The 1980s oil glut led to an external debt crisis and a long-running economic crisis. Inflation peaked at 100% in 1996. As (by 1998) per capita GDP fell to the same level as 1963, down a third from its 1978 peak. [1] The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. [2]
The company sponsored the Citgo Pontiac-Riley of Venezuelan car driver Milka Duno in the Rolex Sports Car Series. Duno has three overall wins in the Rolex Series and finished second at the 2007 24 Hours of Daytona , becoming the highest-finishing female in the history of the famous race.
Pages in category "Oil and gas companies of Venezuela" ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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 it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country ...
This category is for individual car models produced in Venezuela. Pages in category "Cars of Venezuela" The following 25 pages are in this category, out of 25 total.
The company is headquartered in Caracas and belonged to Sojitz until the end of 2015. [1] It was founded in 1990. The basis was an agreement between the factory owner CIF and the Japanese group Iwai (predecessor of Sojitz), which increased their initial equity stake of 49% over time to 98%.
Venezuela reactivated its claim over the 160,000 square km (61,776 square mile) territory in recent years, after the discovery of offshore oil and gas. The maritime border between the two ...