Published 14 days ago

Oil: Mother of corruption in Venezuela

Summary by Inquirer

CARACAS, Venezuela — Corruption in Venezuela’s oil industry is a many-headed monster that has devoured billions of dollars in taxpayers’ money in the past 20 years, experts say. Long the country’s only notable export and foreign currency earner, oil became a doorway to political and economic power. Since 1976, when Venezuela nationalized the commodity — then very lucrative for the petrostate — control of oil has rested with state company PDVSA (…

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Inquirer

Oil: Mother of corruption in Venezuela

13 days ago·Manila, Philippines

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Oil: 'Mother of corruption' in Venezuela

Oil: 'Mother of corruption' in Venezuela bombeleni_temp Fri, 04/26/2024 - 03:23 Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years, experts say. Long the country's only notable export and foreign currency earner, oil became a doorway to political and economic power.Since 1976, when Venezuela nationalized the commodity -- then very lucrative for th…

14 days ago

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