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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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It is estimated that Venezuela has at least 235 billion barrels of recoverable extra-heavy crude in this region, which, if certified, would make Venezuela the country with the world’s largest oil reserves. Currently Venezuela has 81 billion barrels of oil certified, which makes it the country with the world’s seventh largest reserves. The Chavez government has embarked on a major certification process, known as the “Orinoco Magna Reserve Project.”