Venezuela — Simple & Free

: Venezuela is rich in other natural resources, including iron ore, bauxite (for aluminum), gold, nickel, and diamonds .

: China has become the largest buyer of Venezuelan crude. Recently, India has also ramped up imports to a 6-year high due to supply disruptions elsewhere. venezuela

: Aging infrastructure remains a major bottleneck, with less than 30% of oil wells currently active and frequent reports of oil spills. Venezuela Oil Sector: Context for Recent Developments : Venezuela is rich in other natural resources,

: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty . including iron ore