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Other state-owned power companies are ENELBAR and ENELVEN-ENELCO (approximately 8% of capacities). In 2007, PDVSA bought 82.14% percent of Electricidad de Caracas (EDC) from AES Corporation as part of a renationalization program. Subsequently, the ownership share rose to 93.62% (December 2008). [12]
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.
Electricidad de Caracas (BVC: EDC) is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007, which now owns 93.62%. [ 1 ]
The Coordinadora Democrática, led by the business federation Fedecámaras and the trade union federation Confederación de Trabajadores de Venezuela (CTV), called for a fourth paro cívico, which turned out to be the most serious, and is known as the 2002–2003 oil strike, to begin on 2 December 2002. The opposition also called a recall ...
Pedro Rafael Tellechea Ruiz (born 5 November 1975) is a Venezuelan military officer, politician, and mechanical engineer, who has held high government positions as Minister of Popular Power for Petroleum and President of Petróleos de Venezuela (PDVSA). In addition, from 2020 until 2023, he held the presidency of Petroquímica de Venezuela. [2 ...
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Corporación Trebol Gas C.A. was a Venezuelan privately owned oil company reporting 280 gas stations located in every state of the country and about 16% of the oil distribution market in Venezuela. Trebol was founded in 1998 and is a chain of gas stations, each operated by a franchisee. Almost every gas station has a convenience store and sells ...
After Venezuela nationalized the oil industry in 1975, PDVSA assumed ownership of San Tomé. The town was a thriving business center because of PDVSA. On 18 September 2006 Venezuela's President Hugo Chávez and Iran's President Mahmoud Ahmadinejad inaugurated a joint oil drilling operation with PDVSA and Iran's Petropars in San Tomé. [21]