(MENAFN) With proven crude oil reserves amount of 298.35 billion barrels, Venezuela is considered the world's largest country with oil reserves, Xinhua reported
The Venezuelan Oil and Mining Ministry said that the country was adding 1.673 billion barrels to its inventory from reserves, located in the Orinoco Belt and other areas.
The oilfields in the region of Junin have contributed with another 1.206 billion barrels, while sites throughout the Orinoco region have been confirmed to have an additional 467.246 million barrels
Venezuela's state oil company PDVSA, the world's fifth largest oil producer, has been able in recent years to better exploit and extract the nation's heavy crude through the technology advances it owns
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.