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How Venezuela's Opposition Is Trying to Save PDVSA

By José Ignacio Hernández G.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Venezuela’s oil industry is in a state of collapse: PDVSA, the state-oil firm, is strapped for cash and facing intense pressure from international creditors. Production at the company has fallen by 38 percent since 2016. 

Against that panorama, members of the opposition-controlled National Assembly have introduced legislation to address a complex patchwork of laws that...

Read this article on the Americas Quarterly website. | Subscribe to AQ.

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