Black Gold!!!!
You would image on the country with the largest reserves (Proven) would be from the Middle East or Russia, but it is neither.
With a total of 297.7 Billion Barrols none Venezuela is number one and one of the founding members of OPEC in 1960.
Oil equates to..
96% of export earnings.
40% of government revenue.
11% of National GDP.
Oil is Crucial to the Venezuelan economy and will be for the forcible future.
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