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PDVSA의 두 가지 임무: 베네수엘라 국영석유회사의 정치적 역할Dual Missions of PDVSA: The Political Role of a National Oil Company in Venezuela

Other Titles
Dual Missions of PDVSA: The Political Role of a National Oil Company in Venezuela
Authors
배완호이재승
Issue Date
2010
Publisher
경희대학교 인류사회재건연구원
Keywords
National Oil Company; Venezuela; PDVSA; Chávez; Bolivarian Revolution; 국영석유회사; 베네수엘라; PDVSA; 챠베스; 볼리바르 혁명
Citation
Oughtopia (오토피아), v.25, no.3, pp 39 - 59
Pages
21
Indexed
KCICANDI
Journal Title
Oughtopia (오토피아)
Volume
25
Number
3
Start Page
39
End Page
59
URI
https://scholar.korea.ac.kr/handle/2021.sw.korea/117929
ISSN
1229-2680
Abstract
With the global demand for oil continuously increasing and new oil fields becoming more difficult to find, national oil companies (NOCs) of oil‐producing countries have become increasingly dominant players in the global oil market. Although NOCs contribute to the creation of national wealth, their huge social contributions often hampered their competitiveness. PDVSA, a Venezuelan national oil company, is a typical example of this political dilemma. This paper examines how PDVSA has dealt with these contradictory missions and what remains as a challenge to determine its characteristics. In recent decades, the Chávez government has tried to realize its political ideal, Bolivarian Revolution, and PDVSA has functioned as an institution underwriting this political goal, which in turn has led to the company’s low productivity and declining investment activity. Since the recent global financial crisis, however, the Chávez government has started to encourage foreign capital to address the country’s financial problems, indicating that PDVSA’s focus may shift to commercialization and internationalization. The characteristics of PDVSA will be determined by future oil prices, the feasibility of the massive deposit of non‐conventional, extra‐heavy oil in the Orinoco Belt, the relation with foreign investors as well as its relations with the government.
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