Venezuela - a country rich in oil and natural gas

Venezuela has a rich subsoil, besides hydrocarbon reserves found in Maracaibo and Eastern region, the country has also important mining resources. In this sense, and once certified oil reserves in the Orinoco strip, consisting mainly of heavy oil and extragreu, the country will have the largest world oil reserves: 316,000 million barrels to 260.000 million barrels of confirmed reserves of Saudi Arabia. In December 2010, Venezuela confirmed reserves stood at 296.500 million barrels (including eastern Orinoco belt), according to figures from the Ministry of Energy and Petroleum, placing Venezuela first in the world.

Gas reserves are about 200 billion cubic feet, and the figure is growing because the operation is in its infancy. These figures Venezuela ranks first among the countries of Latin America and eighth in the world and seventh among OPEC countries.