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Deltaven
Deltaven is a subsidiary of the state-owned Petróleos de Venezuela (PDVSA) whose activity is the marketing of fuels, lubricants, solvents, asphalt, greases and other hydrocarbon derivatives under the PDV trademark. Although this activity is fundamentally restricted to the Venezuelan market, the PDV brand is also known in the rest of Latin America through the commercial network of Citgo International Latin America (CILA). History Deltaven was created in 1976 to assume control of the operations that the concessionaire company Texaco carried out in Venezuela until that year, mainly the operation of the Tucupita refinery, in the Delta Amacuro state. This refinery was closed, thus complying with a resource rationalization plan designed by the parent company PDVSA, at the end of 1976. The following year, the Venezuelan Petroleum Corporation absorbed all the assets of Deltaven, which suspended its commercial activities until 1997. That year, there was a merger of the state companies Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PDVSA
Petróleos de Venezuela, S.A. (acronym PDVSA, , English language, 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 January 1, 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 vital source of income for the Venezuelan 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 exp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
