HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Jan.2026, Words: 1,425) — Caracas-based Petróleos de Venezuela, S.A. (PDVSA), despite boasting its standing amongst largest state oil companies in the Latin America and Caribbean region ranked by revenues, assets, reserves, and headcount, and despite world‑class resource endowment and prolonged periods of high commodity prices, has consistently underperformed its potential.
Energy Analytics Institute’s case for privatizing PDVSA is organized into 7 points. They are not ranked by importance; rather, they illustrate the breadth of structural gains that a well‑designed privatization could unlock.