Exam
Many countries in
Latin America have rich oil
reserves, but which country
produces so much that they
are part of OPEC?
A. Mexico
B. Brazil
C. Venezuela
Crude oil reserves in Venezuela amounted to nearly 303 billion barrels in 2019, the largest reserves in both Latin America and the world. In the Latin American region, Brazil ranked second but far behind, with 12.8 billion barrels.