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Venezuela has the most oil reserves in the Western Hemisphere and the world.

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Economy dominated by petroleum has the largest oil reserves in the Western Hemisphere?

Venezuela has the largest oil reserves in the Western Hemisphere and its economy is heavily reliant on petroleum exports. However, political and economic challenges have hindered the country's ability to fully leverage its oil wealth for development.


Which South American country is a major producer of oil?

Venezuela has the largest oil reserves in the Western Hemisphere and was a founding member of OPEC. It has nearly 80 billion barrels of oil reserves and provides 15% of The United States' oil. It is the seventh largest producer of oil in the world.


This country was once a Spanish colony and is one of the major exporters of oil in the Western Hemisphere.?

Venezuela is the country you are referring to. It was once a Spanish colony and is one of the major oil exporters in the Western Hemisphere, with significant oil reserves.


Which latin American country has the largest oil reserves?

Venezuela has the largest oil reserves in Latin America.


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Where are the largest oil reserves in the US?

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Does Algeria have the largest oil reserves in north Africa?

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What country has the largest supply of oil reserves in north Africa?

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Where is largest oil reserves in the world located?

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