Chavez claims Venezuela has one of largest gas reserves in the world

Posted on August 7, 2012 • Filed under: Business, Oil, Venezuela

Venezuela’s President Hugo Chavez Frias during a radio and television said “We found that we have one of the largest gas reserves in the world and we are now at 200 trillion cubic feet and continue to discover more” According to studies by the Geological Survey of the United States certifies that the Orinoco Belt , is one of the largest oil reserves in the world. President Chavez after learning the results obtained from the studies said, “we would place in the first, second or third place in the world natural gas reserves, besides being the world’s largest reserve of oil,” this reserve is estimated that can be drawn about 513,000 million barrels. Read Article

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