
Introduction: Venezuela is a country in northern South America that borders both the Caribbean Sea and the Atlantic Ocean, as well as the neighboring countries of Colombia, Brazil, and Guyana. The country has a long history of oil production dating back to the early twentieth century, and its petroleum wealth has played a central role in its modern economic development. Venezuela’s oil reserves are distributed across several regions, including the Orinoco Delta and offshore areas, the eastern Llanos, the states of Guárico, Anzoátegui, and Monagas, the Lake Maracaibo Lowlands in Zulia state, and the western Llanos in the states of Barinas and Apure. The country holds approximately 298–300 billion barrels of proven oil reserves and an estimated 513 billion barrels of recoverable oil, primarily heavy, sour crude concentrated in the Orinoco Belt. Recent data indicate that Venezuela produces on the order of 892,000 barrels of crude oil per day, with production levels fluctuating around this range in recent years.
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