(EnergyAsia, July 25 2011, Monday)— With more than 296.5 billion barrels of crude oil in the ground, Venezuela displaced Saudi Arabia as the holder of the world’s proven reserves last year, said the Organisation of Petroleum Exporting Countries (OPEC). In its annual statistical bulletin, the cartel recognised Venezuela’s claim to have boosted its reserves by…
UPSTREAM: OPEC recognises Venezuela’s claim of 296.5 billion barrels of oil reserves, topped Saudi
Posted on July 25, 2011 by EnergyAsia