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And those is the largest amount of oil reserves estimated by the US Geological Survey at all, and is the first assessment of the Orinoco Belt that has heavy oil does not flow easily.
New US estimates make Venezuela little other oil reserves in the world.
And this assessment of Venezuela makes her more than twice what oil reserves tinSaudi Arabia, the largest source of oil.
The Americans geoscientists said that Orinoco Belt includes up twice what was estimated.
Oil companies estimated indicate to reserves of oil belt to between 100 and 270 billion barrels of crude, but that companies take into account the lucrative oil only.
The US Geological Survey includes both the raw, whether its profitable to companies or not.
The spokesperson of the U.S. Geological Survey "Chris Schenk ": not to mention something about the economics of oil, adding that "survey results are about estimate that can be extracted technically now".
The national oil company "Petroleos de Venezuela", estimate what be confirmed of reserves with economic value in the Orinoco oil belt with more than 235 billion barrels, of between 1.3 trillion barrels estimated before.
The US Government report relies on extracting between 40 and 45 percent of reseves by the available technology now without the need to develop.
In this context the Orinoco Belt reserves ranging between 380 and 652 billion barrels of crude.
Although this heavy crude is more expensive in refining from light crude, but it is also seductive for large corporations.
Venezuela is already the third largest exporter of oil and its derivatives to the United States of America, it also has the largest proven oil reserves outside the Middle East.
Venezuela's oil reserves which are currently proven estimate in approximately 172 billion barrels of crude.
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