High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! Petroleos de Venezuela, S.A. (Petroleum of Venezuela) is the Venezuelan state-owned petroleum company. It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.Between 2004 and 2010 PDVSA contributed $61.4 billion to social development funds. Around half of this went directly to various Bolivarian Missions, with the remainder distributed via the National Development Fund.

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