PDVSA

Global Spectator, by Andrés Ortega ‘Dictabasura’ in Venezuela

Chavism, now in its advanced (or retrograde?) phase of ‘Maduroism’, has destroyed a country. It attained power through the ballot box (preceded by Hugo Chávez’s attempted coup) with a mandate to ensure a fairer distribution of the nation’s wealth and to do away with the corruption of the previous [...]

The discreet (and declining) charm of Venezuelan oil diplomacy

Venezuela has been severely hit by the collapse in oil prices since mid-2014. However, its oil output started to plummet well before. The country’s oil production peaked in 2008 at 3.24 million barrels per day (bpd). The latest OPEC data for May 2016 report a production of 2.37 million [...]
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