Venezuela claims to have 300Bn barrels of oil in the ground. Experts claim maybe
- A single figure sets Venezuela apart from the rest of the world: 303 billion barrels of so-called proven oil reserves.
- But experts say the country's estimate is inherently problematic and far from proven — rooted in exaggerated, aging data from a corrupt government.
- The number has long been touted by politicians and investors as an important measure of untapped energy potential, most recently by President Donald Trump's administration in detailing a sweeping deal for the U.
Unverified
- A single figure sets Venezuela apart from the rest of the world: 303 billion barrels of so-called proven oil reserves.
- But experts say the country's estimate is inherently problematic and far from proven — rooted in exaggerated, aging data from a corrupt government.
- The number has long been touted by politicians and investors as an important measure of untapped energy potential, most recently by President Donald Trump's administration in detailing a sweeping deal for the U.
Sources: ABC News