Venezuela First in Crude Reserves

Venezuela has ratified its potentials to become the country with the largest crude reserves worldwide, as certification of Carabobo bloc, one of the four fields in the Orinoco Oil Belt, was completed.

State-run Petroleos de Venezuela (PDVSA) reported that international company Ryder Scout certified 129.14 billion barrels of original crude oil in situ, with the possibility of extracting 25.92 billion barrels with current technology.