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World in Progress - Oil boom town faces economic collapse

Anne-Katrin Mellmann | Ineke Mules
April 17, 2019

Venezuela was once the richest country in South America thanks to a booming oil industry. But the state oil company's facilities are rotting. At Maracaibo Lake, which holds some of the largest crude oil reserves in the world, operations have come to an almost complete standstill, with drilling facilities falling into disrepair. Maracaibo's citizens are struggling to survive.

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Author: Anne-Katrin Mellmann