Petroleum Exporting Countries (OPEC) released the latest data show beyond Venezuela, Saudi Arabia, the world's largest proven oil reserves of the country. However, many oil industry analysts believe that Venezuela's new mining and processing of proven crude oil is difficult and will not significantly affect the formation of the crude oil market.
OPEC's latest annual statistical report shows that in 2010, Venezuela's proven crude oil reserves of 2965 billion barrels, representing the
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