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Venezuela has the largest conventional oil reserves and the second-largest natural gas reserves in the Western Hemisphere.[1] In addition Venezuela has non-conventional oil deposits (extra-heavy crude oil, bitumen and tar sands) approximately equal to the world's reserves of conventional oil.[2] Venezuela is also amongst world leaders in hydroelectric production, supplying a majority of the nation's electrical power through the process.
^"Venezuela: Energy overview". BBC. 16 February 2006. Retrieved 10 July 2007.
^Pierre-René Bauquis (16 February 2006). "What the future for extra heavy oil and bitumen: the Orinoco case". World Energy Council. Archived from the original on 2 April 2007. Retrieved 10 July 2007.
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