Which area ofthe world has largest …

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Which area ofthe world has largest crude Oil reserves??

Posted by Rajveer Khangura 5 years, 7 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 5 years, 7 months ago

Venezuela is a country made rich by oil, and has seen that wealth evaporate.
The discovery of oil in Venezuela in the early 1900s cursed the country with a volatile source of income.
Oil replaced coffee as the nation’s largest export, and by 1928, the country had become the globe’s largest exporter.
Today, Venezuela has triple-digit inflation and a growing poverty rate.
Venezuela’s oil is also considered ‘heavy’, and too dense for much of the world’s refineries and pipelines.

0Thank You

Ajay Gill 5 years, 7 months ago

Venezuela with 300,875 million barrels of proven reserves of crude oil.

1Thank You

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CBSE > Class 10 > Social Science