"Venezuela offers a unique case and fertile ground for the study of oil policymaking processes. In the specialised literature very little attention has been paid to the nature and operations of multinationals from developing countries. By analysing Petroleos de Venezuela SA's (PDVSA's) internationalisation policy, this unique book explores the difficulties encountered by a major state oil enterprise in its efforts to grow beyond national borders. This informative study focuses on the impact of democratic bargaining on the process of oil policy-making in Venezuela, stressing the constraints posed by politics on PDVSA's efforts to expand its foreign operations."--Jacket