The Maracaibo basin is where Venezuela's enormous energy bounty, including oil reserves that dwarf even those of Saudi Arabia, smacks up against the diminished capacity of the state- owned monopoly ...
THE Maracaibo Basin, situated in western Venezuela, is an area of some 25,000 square miles, embracing the State of Zulia and parts of the States of Mérida, Táchira, and Trujillo; within this region ...
Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. View of oil installations on Lake Maracaibo in Venezuela -- the oil field there ...
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