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The Zulia basin is the most important in Venezuela due to its high production and reserves of hydrocarbons. It contains the richest oil fields in the country and the continent. The Barinas-Apure basin still has potential to be discovered although commercial deposits have been found. The Eastern basin is the second largest producer and includes the Orinoco oil belt, with immense potential. The Tuy-Cariaco basin may have potential but it is yet to be determined.

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