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A map of world oil reserves according to OPEC, 2013 Oil production in Venezuela (red) fell markedly between 2015 and 2020. Venezuela has the world's largest proven oil reserves, totaling 302.81 billion barrels at the end of 2017. [151] The country is a major producer of petroleum products
Since Venezuela and Ecuador consume little oil and export most of their production, they are part of OPEC. Venezuela had a big drop in production after 2015 (where it produced 2.5 million barrels / day), falling in 2016 to 2.2 million, in 2017 to 2 million, in 2018 to 1.4 million and in 2019 to 877 thousand, due to lack of investments. [37]
Both Mexico and Venezuela share a common history in the fact that both nations were once part of the Spanish Empire.During the Spanish colonial period, Mexico was then known as Viceroyalty of New Spain and the capital being Mexico City while what became nowadays Venezuela was known then as the Captaincy General of Venezuela with Caracas as its capital.
Venezuela's government is set to approve a return to Mexico-based negotiations with the country's political opposition, almost a year after the last meeting, six sources with knowledge of the ...
The major distribution of seafood products has been centered in Mexico City for many years, first at the La Viga Market in the borough of Iztacalco and now at the La Nueva Viga Market in Iztapalapa. The reason the main seafood market is in the capital, rather than in a coastal city, is that Mexico City has a long history of being the economic ...
See also: Uruguayans in Mexico Venezuela: 1842: See Mexico–Venezuela relations. Historically the two countries have had good diplomatic relations. Ever since both countries became important players in the oil industry, some competitive tensions arose, eventually leading to disputes after Mexico signed an agreement to join NAFTA.
The U.S. State Department has issued a travel warning about dangerous counterfeit pills being sold at pharmacies in Mexico that often contain fentanyl. The travel alert posted Friday says ...
As of 2020, Mexico defied the U.S. sanctions by allowing fuel shipments, [213] and in spite of sanctions on both Iran and Venezuela, Iran sent five oil tankers to Venezuela. [214] Venezuela continued to send money [215] and ship petroleum products to ally countries after sanctions were issued.