Bank Of Baku

Venezuela overtakes Saudis to hold world’s biggest oil reserves

Venezuela overtakes Saudis to hold world’s biggest oil reserves
# 14 June 2012 12:33 (UTC +04:00)
The South American country’s deposits were at 296.5 billion barrels at the end of last year, data from BP Plc (BP/) show. Saudi Arabia held 265.4 billion barrels, BP said yesterday in its annual Statistical Review of World Energy. The 2010 estimate for Venezuela increased from 211.2 billion in the previous report.
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