Category: General Knowledge | Last updated: 2026-09-18
Often referred to as 'the Saudi Arabia of Latin America' due to its vast oil reserves, which South American country has experienced significant economic and political challenges in recent decades?
A) Colombia
B) Venezuela
C) Brazil
D) Argentina
Explanation
Venezuela possesses the largest proven oil reserves in the world, earning it the moniker 'Saudi Arabia of Latin America,' despite facing severe economic and humanitarian crises.