2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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US
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India
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Germany
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Detailed explanation-1: -An increase in oil exports in September 2022 from Venezuela to China, Cuba, and Europe, among others, is expected to boost revenues for this Bolivarian country.
Detailed explanation-2: -With nearly 320 billion barrels of recoverable oil, Venezuela will become the world’s largest holder of petroleum reserves. The Faja’s crude is what producers call extra-heavy. Oil from this tar belt averages about 8.5 API gravity, which means that it is heavier than water and oozes rather than flows.
Detailed explanation-3: -Venezuela Crude Oil: Production was reported at 676.000 Barrel/Day th in Dec 2022 See the table below for more data.
Detailed explanation-4: -At roughly 42,000 barrels a day, these shipments have increased total Venezuelan oil to China to about 420,000 bpd between January and July this year, equivalent to about 3% of China’s consumption, according to Emma Li, analyst with Vortexa, which tracks such flows.