MassiveIndustry

(Wed, 25 Nov 2015) Venezuela contains some of the largest oil and natural gas proved reserves in the world and consistently ranks as one of the world?s top suppliers of crude oil to the United States. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player in the global oil market. Although oil production has declined since its peak in the late 1990s, Venezuela has been among the largest oil exporters in the world.