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pdov
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There are 4 letters in PDOV ( D2O1P3V4 )
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Pdov might refer to |
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Petróleos de Venezuela, S.A. (PDVSA, Spanish pronunciation: [peðeˈβesa]) (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. Between 2004 and 2010 PDVSA contributed $61.4 billion to the government's social development projects, with around half of this went directly to various Bolivarian Missions while the remainder distributed via the National Development Fund. 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 the PDVSA was put under military control. |