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EconomicVenezuela·Unpinned19 Oct 2026

An Overview of Venezuela's Natural Resource Sector as of October 2026

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As of October 2026, Venezuela held the world's largest proven oil reserves at 303 billion barrels, though production remained a point of contention between official reports of 1,206,000 barrels per day and secondary estimates of 1,150,000. In early 2026, the National Assembly enacted a reform of the Hydrocarbons Law and a new mining law to adjust fiscal…

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Rio Times
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