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The Tuy Cariaco oil basin is located in the northeast of Venezuela and covers an area of 14,000 km2, much of it under the Caribbean Sea. It contains large reserves of natural gas and explorations are currently underway to determine its oil reserves. The basin was formed during the Neogene due to tectonic processes associated with faults, and contains sedimentary rocks that date from the Late Cretaceous to the Pleistocene.

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