Venezuela's PDVSA: Big Oil and Leftist Politics

BUENOS AIRES — Amid anxiety in Argentina over the state of the country's main oil firm, YPF — with problems of debt, management and an uncertain future under a socialist government — people are inevitably making comparisons with Venezuela's Petróleos de Venezuela, (PDVSA) another South American energy giant that was a victim of politicized mismanagement.

 

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