CNN
Medio siglo de vida, miles de millones de barriles de petróleo producidos y un rol central en la historia contemporánea de una nación. En sus 50 años, la empresa estatal Petróleos de Venezuela (PDVSA) se ha ubicado como un actor fundamental en el desarrollo económico del país sudamericano —donde el petróleo es la principal fuente […]

TL;DR
- PDVSA was established in 1976 following the nationalization of Venezuela's oil industry.
- The company experienced significant growth and international expansion in the 1990s, becoming one of the world's leading oil producers.
- Under Hugo Chávez, policies shifted towards nationalization, and a major purge in 2003 led to the dismissal of thousands of experienced workers.
- Foreign companies were forced to renegotiate contracts or leave the country, with significant assets nationalized.
- U.S. sanctions imposed in 2019 further impacted PDVSA, though the company was already facing operational challenges due to underinvestment and internal issues.
- Corruption, organized crime, and pipeline theft have also contributed to PDVSA's losses.
- While production has seen some recovery, it remains substantially lower than its 1990s peak.