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Continental Resources announced plans to develop and operate an oil patch in Venezuela's Orinoco Belt spanning 126,000 acres, with estimated reserves of 30 billion barrels, according to CNBC. The move marks a significant expansion of the company's international operations into one of the world's largest heavy-oil deposits. The project comes amid renewed interest in Venezuelan energy assets and could have implications for global crude supply as producers seek new sources amid ongoing Middle East supply disruptions.
Sources:CNBC Top News