Venezuela holds the world’s largest proven oil reserves, making it a strategic prize for any global power. For the United States, having a pro-American government…
Tag: Venezuelan oil
How much oil does Venezuela have?
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…
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…