Tag Archives: OPEC

Venezuela World’s Largest Holder of Proven Oil Reserves

Venezuela World’s Largest Holder of Proven Oil Reserves JEDDAH – Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, the BP “Statistical Review of World Energy 2012″ said. Saudi Arabia now trails Venezuela with a 16 … Continue reading

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Oil Subsidy Saga: A Harbinger of Nigerian Arab Spring ?

Sulaimon Olanrewaju reports on the factors responsible for variations in petroleum products pricing system among Organisation of Petroleum Exporting Countries (OPEC) member countries. It seems that for citizens of member countries of the Organisation of Petroleum Exporting Countries (OPEC), it … Continue reading

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