The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels Venezuela’s crude oil is very heavy, and as a result, much…
Tag: Venezuelan oil
How Would Venezuela’s Oil-rich Country Look After U.S Oil Companies Take Over?
The focus is shifting now to slow and steady strangulation of Venezuela’s oil-rich economy, with mounting U.S. sanctions against the state-run petroleum company, PDVSA, a…
Loss of Venezuelan oil exports won’t leave huge gap in global market
Venezuela exports around 1 million barrels of oil per day, about 1 percent of global production, of which half heads to the United States. Many…