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Servet Yanatma

Venezuela-EU trade: Which countries do the most business with Venezuela across Europe?

European Union Venezuela United States Europe Nicolás Maduro Spain Mercosur crude oil Eurostat Oil

Venezuela’s economic future is once again under scrutiny after the US captured President Nicolás Maduro in a military operation a bit over a week ago.

The country holds the world’s largest proven crude oil reserves. In 2023, these stood at around 303 billion barrels, equal to about 17% of global reserves according to the US Energy Information Administration (EIA).

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