Definitions for PDVSA
pdvsa

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1. PDVSA

   Petróleos de Venezuela, S.A. (PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) 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 the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the Bolivarian Revolution, PDVSA was mainly used as a political tool of the government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government.With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee expertise was removed following thousands of politically-motivated firings. Incompetence within the company has led to serious inefficiencies and accidents as well as endemic corruption. As a result, thousands of workers have abandoned their work for PDVSA, especially after PDVSA was put under military control.

How to pronounce PDVSA?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say PDVSA in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of PDVSA in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of PDVSA in Pythagorean Numerology is: 8

Examples of PDVSA in a Sentence

1. Risa Grais-Targow at consultancy Eurasia:

   The measures will provide some fiscal breathing room for PDVSA but are insufficient to reduce demand for imports or gasoline, failing to improve the government's supply of foreign exchange or prevent a default later this year.

2. Elias Matta:

   We want to know the real state of PDVSA's books, the country wants to know how the money from the Chinese funds were spent. We also want to investigate what the real cost of production is. And why haven't they done the output increases they talked about so much? We're going to have a lot of work in this commission.

3. Daren Beaudo:

   It is PDVSA that has failed to honor our award by ignoring the judgment of the ICC tribunal and other local court orders.

4. Rafael Ramirez:

   PDVSA is no longer producing. It's signing contracts for others to produce in a de facto privatization.

5. Marco Santamaria:

   If you believe there is an interest from the government to maintain PDVSA as a working entity, then this should be particularly beneficial for PDVSA bonds, but all money is fungible, so you never know if they redirect this money to other purposes.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Pdvsa