Resources in Venezuela beyond oil, US-Venezuela tensions discussed

The US administration aims to restore Venezuela’s oil production and mining sector following the abduction of President Maduro. Venezuela holds the world’s largest oil reserves, concentrated in the Orinoco Belt, and is a key member of OPEC. China is the top buyer of Venezuelan oil, with the US and Cuba following. Venezuela also has significant natural gas reserves and the largest official gold reserves in Latin America. Additionally, the country possesses coal, iron ore, nickel, bauxite, and diamond reserves, with potential for further mining development in the Orinoco Mining Arc.

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