The staggering amount of Venezuelan oil: Leaving Saudi Arabia at rest

The staggering amount of Venezuelan oil: Leaving Saudi Arabia at rest

Several days ago, opposition right leader Juan Guaido declared himself a temporary president of Venezuela. This was strongly condemned by President-elect Nicholas Maduro, who accused the United States of wanting to steal his country's oil. The U.S. with the controversial President Trump, said he knew Guaido as president. Earlier, John [...]

Several days ago, opposition right leader Juan Guaido declared himself a temporary president of Venezuela. This was strongly condemned by President-elect Nicholas Maduro, who accused the United States of wanting to steal his country's oil.

The U.S. with the controversial President Trump, said he knew Guaido as president. Previously, John Bolton, American National Security Councilman, has stated that the US would deploy 5,000 troops to Colombia, Venezuela's enemy country, writes Periscopi.

The crisis in Venezuela has produced the most massive rush of immigrants in the history of modern Latin America.

But how much does Venezuelan oil weigh?

In 2009. O The PEC had estimated Saudi Arabia's oil by $225m. But the value of Venezuela's oil reserves is even higher - over 300 billion.

In 2010 it was reported that Venezuela produced 3.1 billion barrels of oil per day and exported 2.4 billion of them. Such an export brought the poor country $61 billion. /Periscopi

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