What Does PDVSA Stand For?

PDVSA stands for Petroleos De Venezuela S A

PDVSA, or Petróleos de Venezuela S.A., is the state-owned petroleum company of Venezuela, responsible for the exploration, production, refining, and marketing of oil and gas resources. Founded in 1976, PDVSA plays a crucial role in the Venezuelan economy as a major contributor to government revenues and foreign exchange earnings. The company operates globally, with operations spanning various sectors of the oil industry, including upstream, midstream, and downstream activities.