Middle East Economic Survey
PDVSAs Refinery Acquisition Program: A Shareholders Perspective
By Juan Carlos Boue
The following article was written for MEES by Mr Boue, a Senior Research Fellow at the Oxford Institute for Energy Studies.
Internationalization was the name given to a longterm strategic investment program implemented by the Venezuelan national oil company, PDVSA, from late 1982 onwards. The avowed objective of the program was to integrate vertically ...