Venezuela
Remark:
Venezuela is the largest producer of petroleum in South America. It possesses one of the world’s largest proven oil reserves, primarily located in the Orinoco Belt. Despite economic and political challenges, Venezuela has historically been a leading member of OPEC (Organization of the Petroleum Exporting Countries) and a key global oil supplier.
Other options (for context)
- Peru: Produces oil in small quantities compared to Venezuela.
- Brazil: Has significant offshore oil fields but ranks below Venezuela in total reserves.
- None of these: Incorrect, as Venezuela is the largest petroleum producer in South America.