Related Articles
Forward article link
Share PDF with colleagues

PdV: still struggling amid political changes

Venezuela's state firm controls one of the world's biggest oil resources. Hamstrung by politics, it has failed to capitalise on it

The death of Hugo Chavez in March and controversial election of his hand-picked successor Nicolás Maduro has plunged Venezuela's politics into a state of turmoil. The country is as bitterly divided as ever. The opposition has yet to concede the election, and many view Maduro's presidency as illegitimate. Meanwhile, Maduro has his work cut out for him tackling the country's deep economic and security challenges.  But for state-run oil company PdV the political transition has so far been marked by a high degree of continuity. Many analysts and commentators had predicted Maduro would use the transition to institute some much-needed reforms for PdV

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy