{"id":215807,"date":"2010-01-23T07:51:01","date_gmt":"2010-01-23T12:51:01","guid":{"rendered":"http:\/\/www.skyscrapercity.com\/showthread.php?t=1051953"},"modified":"2010-01-23T07:51:01","modified_gmt":"2010-01-23T12:51:01","slug":"bbc-world-news-venezuela-oil-may-double-saudi-arabia","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/215807","title":{"rendered":"BBC WORLD NEWS: Venezuela oil ‘may double Saudi Arabia’"},"content":{"rendered":"
Venezuela oil ‘may double Saudi Arabia’<\/font><\/b><\/p>\n

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\t\t\t\tVenezuela holds the largest oil reserves outside the Middle East<\/b><\/p>\n

A new US assessment of Venezuela’s oil reserves could give the country double the supplies of Saudi Arabia.
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\nScientists<\/font><\/font> working for the US Geological Survey say Venezuela’s Orinoco belt region holds twice as much petroleum as previously thought<\/u><\/font><\/font>.<\/b><\/p>\n

The geologists estimate the area could yield more than 500bn barrels of crude oil.<\/font><\/font><\/b><\/p>\n

This assessment is far more optimistic than even the best case scenario put forward by President Hugo Chavez.
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\nThe USGS team gave a mean estimate of 513bn barrels of "technically recoverable" oil in the Orinoco belt.<\/font><\/b><\/p>\n

Chris Schenk of the USGS said the estimate was based on oil recovery rates of 40% to 45%.<\/p>\n

Petroleos de Venezuela SA (PDVSA), Venezuela’s state oil company, has not commented on the news.<\/p>\n

However, Venezuelan oil geologist and former PDVSA board member Gustavo Coronel was sceptical.<\/p>\n

"I doubt the recovery factor could go much higher than 25% and much of that oil would not be economic to produce", he told Associated Press news agency.<\/p>\n

Venezuela holds the largest oil reserves outside the Middle East. Saudi Arabia has proven reserves of 260bn barrels.<\/p>\n

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http:\/\/news.bbc.co.uk\/2\/hi\/americas\/8476395.stm<\/a><\/p>\n

PS: Why can\u00b4t such good news happen to an African country? Twice as much as Saudi arabia, the world\u00b4s number 1..Why can\u00b4t any african country like Nigeria, Gabon, Angola, Senegal, Ivory Coast, Ghana etc. find such a giga oil pocket somehwere in Africa? Why has nature been so unfair to Africa? or who is deciding on all this?<\/p>\n

If an African country the size of Ghana churned out 15 million barrels of oil a day with an oil price that would remain steady at let\u00b4s say 70 dollars for 10 years, a lot would happen and it would propel Ghana to heights never imagined before….or even one of the minnows sat on such a giga pocket of oil…if soooooo much money enters an African country that they don\u00b4t know where to put it anymore, this would be heaven on earth…instead only small crumps enter Africa. This is like a curse, never ending poverty trap…<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Venezuela oil ‘may double Saudi Arabia’ Quote: Venezuela holds the largest oil reserves outside the Middle East A new US assessment of Venezuela’s oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela’s Orinoco belt region holds twice as much petroleum as previously thought. […]<\/p>\n","protected":false},"author":1232,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-215807","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/215807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1232"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=215807"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/215807\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=215807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=215807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=215807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}