We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Turning the tanker

6 March 2013 By Martin Hutchinson, Christopher Swann

Under Hugo Chavez, state-controlled PDVSA spent twice as much on welfare as it invested in production. Reversing the ratio would better exploit the world’s largest reserves. Whoever succeeds Chavez, however, probably will follow his model – at least until the price of oil falls.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)