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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

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