The economic, social and environmental impact of “Petroleos de Venezuela S.A” (PdVSA) for the Venezuelan society
Historically, Venezuela has nationalized its hydrocarbon industry in 1975-1976, creating Petroleos de Venezuela S.A (PdVSA), the country's state-run oil and natural gas company. Along with being Venezuela's largest employer, PdVSA accounts for about one-third of the country’s GDP, 50 percent…