The decline and destruction of Venezuelan oil



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The bad policies implemented by the state in Petróleos de Venezuela (PDVSA) have resulted in various and permanent damage to the ecosystem, which includes the Guayana region. Oil spills, deterioration of equipment and poor practices in the extraction process have left a huge destruction that represents serious risks for the environment, said the portal Bloomberg.

Watercourses are the main elements affected by this situation, as are farmland. Both are victims of the corruption scenario within the oil institution, which deliberately diverted investment resources.

According to the report presented in Bloomberg, this destructive process is also influenced by the economic imbalance in Venezuela, which forced to emigrate from the country by professionals and qualified personnel.

On the other hand, points out that PDVSA, which was once the world's fourth largest oil company, has reached its lowest levels of production in recent years.

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