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Venezuela: State Owned Oil Industry Faces Bleak Future

Since Hugo Chavez assumed the presidency in 1999 Venezuela’s state-operated oil industry, Petrleos de Venezuela (PDVSA) has deteriorated significantly. Internal squabbling, charges of executive corruption and poorly managed production operations have plagued Venezuela’s national oil company. Strategic planning, research and development, and production are at their lowest levels since Venezuela

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OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.