Latest Intelligence on Upstream Energy in Venezuela

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CommentWire
CommentWire

Oil: world leader or not, Venezuela has a lot of work ahead

In mid-January, Venezuela, Latin America's leading exporter of crude oil, claimed that its proved reserves of crude oil stood at 297 billion barrels. If true, this is higher than the estimated 265 billion barrels found in Saudi Arabia, hitherto the holder of the world's largest reserves. However, having large reserves is one thing; successfully marketing the oil is where the real challenge lies.

Published By Datamonitor
08 Feb 2011

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