Venezuela Ranks #1 Globally In Proven Oil Reserves Venezuela officially holds the largest proven oil reserves in the world, surpassing both Saudi Arabia and Canada. According to international energy data, the country’s reserves are estimated at over 300 billion barrels, most of which are concentrated in the Orinoco Belt, one of the richest hydrocarbon regions on Earth. These reserves represent proven, technically recoverable oil, not speculation. Despite its immense resource base, Venezuela’s ac
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