Question

Which area of the world has the largest crude oil reserves

Answer 1

Venezuela
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Venezuela country has the largest crude oil reserves

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1) It has 300,878 barrels 

2) It is the country in south America 

3) Saudi Arabia is the 2nd most country with highest crude oil 

Answer 2

Answer:

With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world.

Explanation:

• Venezuela is a country made rich by oil, and has seen that wealth evaporate.
• The discovery of oil in Venezuela in the early 1900s cursed the country with a volatile source of income.
• Oil replaced coffee as the nation’s largest export, and by 1928, the country had become the globe’s largest exporter.
• Today, Venezuela has triple-digit inflation and a growing poverty rate.
• Venezuela’s oil is also considered ‘heavy’, and too dense for much of the world’s refineries and pipelines.