Caracas (Oil Fields)

Caracas is the capital city of Venezuela, a country rich in oil resources. The oil fields around Caracas are part of Venezuela's vast oil reserves, one of the largest in the world. These oil fields play a crucial role in the country’s economy, providing revenue and jobs. The industry has historically contributed significantly to Venezuela's national income and development. However, fluctuations in the oil market and challenges such as mismanagement and political issues have impacted the country’s economic stability. Overall, the oil fields in this region are central to understanding Venezuela's economic landscape.