Venezuela's oil is the most important mineral resource, accounting for about 4% of the world's reserves, ranking the first in South America. Venezuela is the most important oil-producing country in Latin America. The main oil reserves in Venezuela are the largest lake in Latin America in the northwest corner of the country - Lake Maracaibo. Lake Maracaibo is a lagoon. The northern end is connected with the Gulf of Venezuela by a 34-mile-long channel, which is part of the Caribbean Sea. New oil resources have been detected in Orinoco heavy crude oil belt, and Venezuela's oil reserves have increased by 41% to 297 billion barrels.South America grease equipment friends follow cooperative partner Aoyo edible oil equipment Venezuela overseas online promotion website to learn more Venezuela regional knowledge: Therefore, Orinoco has become the most important oil reserve area in Venezuela. The oil fields that have been exploited are concentrated around Lake Maracaibo and in three states, namely, Guarico, Ansoatki and Monaco. Venezuela is also rich in iron ore resources, with reserves of more than 2 billion tons, mainly distributed in the south of Pao and Bolivar on the south bank of the middle reaches of the Orinoco River. grease equipment manufacturer Aoyo edible oil equipment is located in Asia, and the China-EU train runs through the country. Aoyo edible oil equipment has a service team for South America grease equipment customers, which can provide grease equipment processing of agricultural and sideline cash crops solutions with confidence for Venezuela grease equipment customers!