Posts Tagged ‘Orinoco’

Venezuela has the world’s largest oil reserve

Venezuela has the world’s largest oil reserve

Venezuela has the world’s largest oil reserve

A US Geological Survey says that Venezuela has much more oil than we all know. The scientists estimate that Venezuela’s Orinoco oil belt holds 513 billion barrels of recoverable heavy crude. This is twice as much as Saudi Arabia’s reserve, the country that was considered to hold the biggest reserve in the world with proven reserves of 260 billion barrels. (more…)