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Who is the largest oil producer?
Venezuela's oil production:
Venezuela is the largest oil reserve country in the world. As of 202 1, Venezuela has 303 billion barrels of oil reserves, accounting for about 18% of the global total reserves. In Venezuela's export industry, oil accounts for more than 90%. Venezuela is one of the important oil producers and exporters in the world and one of the five founding countries of the Organization of Petroleum Exporting Countries.
Venezuela (Bolivarian Republic of * * *) (Spanish: Repú blica boliviana de Venezuela) is a country located in the north of South America, with Caracas as its capital. Venezuela was originally inhabited by Indians. Columbus arrived here when he sailed to America in 1498. The Spanish established their first colony in 1523. 1567 became a Spanish colony.
1811independence on July 5. 1830, the United Republic of Venezuela was established; 1864 was renamed the United States of Venezuela; 1999 changed its name to the current country name. 1974 established diplomatic relations with China on June 28th.
Venezuela is the most important oil producer in Latin America. The main oil storage area in Venezuela is Lake Maracaibo, which is located in the northwest corner of the border and is the largest lake in Latin America. The exploited oil fields are concentrated around Lake Maracaibo, Guarico, Aji, Anceaux and Monagas.
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