US seeks to tap Venezuela's vast oil reserves
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Largest oil reserves, but small player in global oil supply chain: Energy policy expert on Venezuela
Energy policy expert Narendra Taneja said that while Venezuela holds the world’s largest oil reserves, it remains a minor supplier in the global oil market
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303 billion barrels: How Venezuela became the world’s biggest oil holder & why it still struggles
Oil has long been the backbone of Venezuela’s economy. The state-owned oil company PDVSA was once regarded as one of the most capable national oil firms globally, producing over 3 million barrels per day at its peak.
Despite holding the world’s largest oil reserves, Venezuela’s oil industry has been hollowed out by economic collapse under President Nicolás Maduro.
Venezuelan President Nicolas Maduro was in a New York detention center on Sunday after President Donald Trump ordered an audacious U.S. raid to capture the South American leader and take control of the country and its vast oil reserves.