VEBA AG (originally from ''Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft'' 'United Electricity and Mining Corporation') was a German state owned energy company. VEBA was founded in 1929 as a holding company owned by the state of

Prussia Prussia (; ; Old Prussian: ''Prūsija'') was a Germans, German state centred on the North European Plain that originated from the 1525 secularization of the Prussia (region), Prussian part of the State of the Teutonic Order. For centuries, ...

, and was privatized in 1965. In December 1982, VEBA signed a cooperation agreement with the

Petróleos de Venezuela Petróleos de Venezuela, S.A. (acronym PDVSA, , 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 ...

(PDVSA) for the establishment of a

Joint Venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

Ruhr Oel GmbH. VEBA became a part of

E.ON E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word '' aeon'', derived from ...

in 2000.

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E.ON Defunct companies of Germany Electric power companies of Germany Companies based in Düsseldorf Energy companies established in 1929 1929 establishments in Germany Telecommunications companies established in 1929 {{energy-company-stub