Venezuelan wake-up call

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Petroleum Review | 2002年 / 56卷 / 665期
关键词
Industrial economics - International trade - Oil field development - Oil well production - Petroleum industry - Petroleum prospecting - Productivity - Public policy - Societies and institutions - Taxation;
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摘要
Petroleos de Venezuela (PdVSA) is Latin America's largest company which provides around 50% of Venezuela's tax revenues and 70% of the country's export revenues, predominantly from crude and oil products sales. However, recent political events in Venezuela is seen as a wake-up call for the government and state-owned oil company PdVSA to strike a balance between the needs of the country and the company. If there is no consensus achieved while the situation is not at a critical or desperate point, it could spiral the way.
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页码:18 / 20
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