Venezuela has the world’s most oil: Why doesn’t it earn more from exports? | Energy News

The Trump administration has announced plans for continued military operations against Latin American drug cartels, following a US strike on a Venezuelan vessel that killed 11 people on September 2.

The United States has had a complex relationship with Venezuela, a country of roughly 30 million people, shaped by disputes over oil, politics and security concerns.

Nowhere is that tension more evident than in Venezuela’s oil economy: the country holds the world’s largest proven oil reserves,…

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News Source: www.aljazeera.com

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