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  • 7 hours ago
Venezuela positions itself as a global alternative in the face of the 80% decline in world oil reserves. teleSUR
Transcript
00:00And we say in Venezuela, as the country positions itself as a global alternative in the face of the 80th percent decline in world oil reserves.
00:09Acting President Adelce Rodriguez presented data from the International Energy Agency revealing that 80% of the planet's oil reserves are exhausted.
00:19Given this scenario, Rodriguez emphasized that Venezuela has untapped reserves ready for exploitation.
00:26The national government projects that through the hydrocarbon law, million-dollar investments and an increase in crude oil production of at least 18 percent will be achieved by 2026.
00:38The International Energy Agency has already published data showing that 80% of the planet's reserves are depleted and in decline.
00:56And who has unexploded green fields?
00:59Venezuela.
00:59OPEC has also indicated that by 2050, there will be a demand for 123 million barrels per day, and that to reach that number, we need to start investing 18 trillion dollars.
01:18Well, with this reform, we hope to attract significant flows of international investment and even national investment.
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