PDVSA vector logo
Free to download PDVSA vector logo in .EPS vector format. Browse to see more PDVSA related vector logos. Download PDVSA vector logo in .EPS format, and open with Adobe Illustrator or Adobe PhotoShop or CorelDRAW.
The current status of the logo is active, which means the logo is currently in use.
Petróleos de Venezuela, S.A. is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world’s fifth largest oil exporter.
Oil reserves in Venezuela are some of the largest in the world, and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. The government of Venezuela treats PDVSA as a cash-cow, and the company only hires political supporters of the president. Between 2004 and 2010 PDVSA contributed $61.4 billion to the government’s social development projects. Around half of this went directly to various Bolivarian Missions, with the remainder distributed via the National Development Fund. Incompetence has led to serious inefficiencies and accidents.