Venezuela’s economic crisis fueled by looting of its state-owned oil company
PDVSA, the country’s main source of income, has been plundered by decades of corrupt and incompetent management
PDVSA, the country’s main source of income, has been plundered by decades of corrupt and incompetent management
The corruption scandal engulfing state-owned energy company PDVSA has been exacerbated by huge lines at filling stations and vehicles breaking down due to fuel impurities
Staunch heirs of the Hugo Chávez movement aim to recapture legitimacy through a radical public house cleaning
Fuel supply issues are affecting the agricultural heartland and other areas, with lines to refill in some places so long that motorists are forced to sleep in their cars
In the 1990s, PDVSA was a model state enterprise, but its politicization has become an albatross around the country’s neck
The Venezuelan Minister of Petroleum resigned on Monday over a corruption scandal at the state-owned oil company PDVSA after the arrest of senior officials linked to him