Venezuela has the world’s largest proven oil reserves, officially holding about 303 billion barrels, or roughly 17 per cent of global crude, mostly in.

Guyana and Venezuela share the same oil basin, but vastly different outcomes. This investor-focused analysis shows why institutions—not reserves—drive energy success.

Venezuela's official figure of over 300 billion barrels of proven oil reserves is mostly a statistical reclassification of extra-heavy crude from the Orinoco Belt, driven by high oil prices and ...

Venezuela has some of the world’s largest oil reserves, yet economic collapse, mismanagement, and heavy reliance on a single resource have prevented that wealth from reaching most citizens. This ...