Venezuela Could Potentially Exceed Saudi Arabia in Oil Reserves

Venezuela hopes to catapult past Saudi Arabia as the world leader in certified crude oil reserves when it finishes registering oil deposits in its vast Orinoco Belt this year. An increase of 22.5% in the Latin American country’s reserves was behind OPEC’s announcement last week that the group’s proven reserves rose in 2009 to 1.06 trillion barrels – Reuters

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