The 5 Latin American Countries With The Largest Oil Reserves

Latin America is a region not normally associated with the global energy industry and oil production. It has, however, been blessed with considerable natural resources ranging from precious and base metals, rare earth metals crucial to the global energy transition, and fossil fuels such as coal, oil, and natural gas.

Over the last decade, Latin America emerged as a prominent global player in petroleum markets, particularly after Brazil’s offshore pre-salt oil boom took off. Despite the copious petroleum reserves held by many countries in…