Jan 23, 2011

VENEZUELA Claims 297 Billion Barrels of Proven Oil Reserves



“At the end of 2010, we had a level of 217 billion barrels of oil, and now, at the start of this year, we are in a position to certify 297 billion barrels,” says Venezuela Energy and Petroleum Minister Rafael Ramirez, meaning that the South American nation would now have more oil than the 265 billion of world leader Saudi Arabia.
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Source: Latine American Herald Tribune

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