Venezuela's state oil company PDVSA is engaged in the exploration, production, refining, transportation, and sale of oil and natural gas. Its E&P activities take place in Venezuela, but the company also has refining and marketing operations in the Caribbean, Europe, and the US. PDVSA operates in the US, Gulf of Mexico and the Caribbean through its Citgo marketing and refining arm. The oil producer has some of the world's largest petroleum reserves. Created in 1976, the company is headquartered in Caracas, Venezuela.
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