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Which area ofthe world has largest crude Oil reserves?? |
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Answer» Venezuela is a country made rich by oil, and has seen that wealth evaporate.The discovery of oil in Venezuela in the early 1900s cursed the country with a volatile source of income.Oil replaced coffee as the nation’s largest export, and by 1928, the country had become the globe’s largest exporter.Today, Venezuela has triple-digit inflation and a growing poverty rate.Venezuela’s oil is also considered ‘heavy’, and too dense for much of the world’s refineries and pipelines. Venezuela with 300,875 million barrels of proven reserves of crude oil. |
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