03:21

How Venezuela’s oil output plummeted

In the last year, output has fallen faster than Iraq’s after the US’s 2003 invasion.

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Venezuela has the world’s largest proven oil reserves. But its oil output, once Latin America‘s largest, has fallen faster in the past year than Iraq’s after the American invasion in 2003, according to data from the Organization of Petroleum Exporting Countries.

Al Jazeera’s Teresa Bo reports from the town of Cabimas in Venezuela.


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