Table of Contents:
  • The nationalisation policy: A combination of political and strategic motives
  • PDVSA's early objectives: The process of corporate consolidation
  • The first phase of policy implementation: The Veba Oel contract
  • The Veba Oel case: The impact of politics over oil policy-making
  • The second phase of policy implementation: Corporate strategy unhindered
  • The third phase of policy implementation: PDVSA's consolidation as a multinational
  • Conclusion. The international expansion of an oil SOE: The balance between politics and corporate strategy.