VEBA

VEBA AG (originally from Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft 'United Electricity and Mining Corporation') was a German state owned energy company.

VEBA was founded in 1929[1] as a holding company owned by the state of Prussia, and was privatized in 1965.

In December 1982, VEBA signed a cooperation agreement with the Petróleos de Venezuela (PDVSA) for the establishment of a Joint Venture Ruhr Oel GmbH.

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