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What is produced in Venezuela they are of the the world leaders in production?
oil
How much fuel is produced in Venezuela?
Venezuela is having problems with oil production in 2017.
What is the major mineral resource of Venezuela?
The major mineral resource of Venezuela is bauxite. Other minerals include coal, gold, iron, oil, and petroleum. It is the fifth largest gold producer in South America.
Where does Iran rank in oil reserves in the world?
Iran rank Third in oil reserves in the world
The dominant economic activity in Venezuela's Lake Maracaibo Lowland is?
oil production
Which Latin American country is known for producing the most oil?
Venezuela qualifies as such. Its production for 2013 was 3.02 million oil barrels per day, qualifying as the 9th largest producer in the world.
What is Venezuela's specialization?
Venezuela's economy is primarily specialized in the production and export of oil, which accounts for a significant portion of its GDP and government revenue. The country has some of the largest proven oil reserves in the world, making it heavily dependent on oil exports. In addition to petroleum, Venezuela also has agricultural sectors that produce coffee, cocoa, and various fruits, but these contribute far less to the economy compared to oil. Overall, Venezuela's economic structure has been significantly shaped by its oil wealth, leading to vulnerabilities when oil prices fluctuate.
Venezuela is one of the world's leading producers of what?
oil
Has the largest oil reserves in the Western Hemisphere?
Venezuela has the most oil reserves in the Western Hemisphere and the world.
Louisiana has what rank in crude oil production?
They rank #4 behind Texas, Alaska, and California respectively. However, federal offshore production is technically #1 with about 500mil barrels of oil produced per year.
What are some resources Venezuela produces?
Venezuela has some of the largest oil and natural gas reserves in the world.
In which country the world's biggest oil refinery is located?
Venezuela.
