ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ranching
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farming
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petroleum sales
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fishing
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Detailed explanation-1: -The economy of Venezuela is based primarily on petroleum, making the country the 25th largest producer of oil in the world and the 8th largest member of OPEC. Venezuela also manufactures and exports heavy industry products such as steel, aluminum, and cement.
Detailed explanation-2: -Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.
Detailed explanation-3: -The economy of Venezuela is largely based on the petroleum sector and manufacturing. Revenue from petroleum exports accounts for more than 50% of the country’s GDP and roughly 95% of total exports. Venezuela is the fifth largest member of OPEC by oil production.
Detailed explanation-4: -Venezuela is the world´s tenth biggest exporter and the thirteenth largest producer of oil. Shipments of oil account for 96 percent of total exports.