Oil reserves in Venezuela
Oil reserves located in Venezuela
Oil reserves in Venezuela
The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.8×1010 m3) as of 1 January 2014, though some believe those numbers to be inflated. Venezuela's crude oil is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries.
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