- Jan 24, 2023 4:14 pm GMT
All-in on oil
The political fortunes of Venezuela’s presidents have historically depended on the oil market. Hugo Chávez, whose presidency lasted from 1999 to 2013, rode the commodities boom. Under his presidency, Venezuela’s GDP quadrupled. In 1998, the year Chávez won his first election, GDP stood at $91.8bn. In 2012, the year before he passed away in office, he saw the figure reach its highest peak at $372.75bn. His project, the ‘Bolivarian revolution’, brought education, health and housing to many of the country’s poor, alongside other subsidised services. He also offered poorer countries and communities fuel at discounted prices.
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.