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Oil-rich Venezuela is now importing U.S. oil
http://money.cnn.com/2016/02/03/news/economy/venezuela-imports-american-oil/Venezuela has more oil than any other country on the planet.
But it just bought a bunch of American crude.
A ship carrying half a million barrels of oil that was pumped in the U.S. docked at a terminal owned by Venezuela last week, according to oil data research firm ClipperData. The shipment was sent to a facility located on the Dutch island of Curacao in the Caribbean.
The fact that Venezuela is importing American oil is raising eyebrows because Venezuela has 298 billion barrels of proven oil reserves, according to the Energy Information Administration. That's more than Saudi Arabia, Russia or Iran and eight times the reserves of the United States.
