Venezuela has the largest oil reserves in Latin America.
I believe that would be Venezuela.
Bolivia, who is lead by Venezuela.
Most countries in Latin America have oil reserves of varying sizes. The largest can be found in Mexico, Brazil and Venezuela.
The largest oil reserve in north america is found along the northern coast of alaska.
Venezuela, Mexico, and Brazil qualify as such:Proven oil reserves (2014) in millions of barrels:Venezuela: 297,570 (largest reserves in the world)Brazil: 13,986 (15th)Mexico: 10,264 (16th)Oil production (2013) in millions of barrels per dayVenezuela: 3.02 (9th largest producer in the world)Mexico: 2.93 (10th)Brazil: 2.6 (12th)
Venezuela has the most oil reserves in the Western Hemisphere and the world.
Venezuela has some of the largest oil and natural gas reserves in the world.
The Oil Sands in northern Alberta and northern Saskatchewan are the largest oil reserves in Canada. They are also the largest oil reserves IN THE WORLD.
The question as posed is somewhat difficult to answer.Venezuela is the country with the largest amount of proven oil reserves, but does not match the geographic conditions because it is in South America. Conversely, Saudi Arabia, a country between the Red Sea and the Persian Gulf, is the country with the second largest proven petroleum reserves.
Lake Maracaibo, although it is actually a brackish bay.
There are several countries that have very large oil reserves. They are Venezuela which accounts for 20 percent of global reserves, Saudi Arabia and Iran.
Venezuela has the largest lake in South America.
The largest oil reserves in the United States of America are in Alaska. These oil reserves are not used as a main source of oil in the US.
Venezuela has the world's largest oil reserves. It has 297,570 millions barrels of oil reserves. Second on the list is Saudi Arabia with 267,910 million Barrels.
Lake Maracaibo Techinically, Lake Maracaibio is an inlet of the Caribbean Sea.
America gets a greater percentage of oil from Venezuela than from the Middle East, and Venezuela has the largest oil reserves in the Western hemisphere--maybe the only oil in the WH; Texas was pretty much pumped dry by the mid 1970s. Venezuela also exports petroleum, petroleum products, and aluminum
The largest oil deposits in the world are located in Venezuela. Venezuela has proven reserves of 297-billion barrels, passing that of long-time world leader, Saudi Arabia.