Venezuela, oil
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The following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by US forces on Saturday.
Venezuela holds the world’s largest oil reserves, totaling 303 billion barrels. However, a more critical resource is emerging: rare earth elements (REEs). Hidden in the Orinoco Mining Arc, these minerals are worth an estimated $200 billion.
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Is Venezuela's resource wealth Trump's real target?
The escalating tensions between Washington and Caracas have renewed scrutiny of what some analysts believe may be the true objective behind the Trump administration's aggressive posture: access to Venezuela's extraordinary natural resource wealth ...
Shares of major U.S. companies in the energy sector are sharply higher after President Donald Trump announced plans to take control of Venezuela’s oil industry and said American companies would revita
Despite holding the world’s largest oil reserves, Venezuela’s oil industry has been hollowed out by economic collapse under President Nicolás Maduro.