MADURO GIVES EU ENVOY 72 HOURS TO LEAVE VENEZUELA
Venezuela is a
country on the northern coast of South America, consisting of a continental
landmass and many small
islands and islets in the Caribbean Sea
Bordered on the north by the
Caribbean Sea and the Atlantic
Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana
Venezuela is entirely located
in the tropics over the Equator to around 12° N
Territory of Venezuela was colonized by Spain in 1522
In 1811, it became one of the
first Spanish-American territories to declare independence from the Spanish as a department of the federal
republic of Gran
Colombia
Full sovereignty as a country
in 1830
Slavery in Venezuela was abolished in 1854
During the 19th century,
Venezuela suffered political turmoil and autocracy, remaining dominated by
regional military
dictators until the mid-20th
century. Since 1958, the country has had a series of democratic governments
Much of the period between
1950 and 1973, the Venezuelan economy was characterized by its stability and
sustained strength
Revolution began with a 1999 Constituent Assembly, where a new Constitution of Venezuela was
imposed. This new constitution officially changed the name of the country to Bolivarian Republic of Venezuela
Relations between Venezuela
and the United States government worsened in 2002, after the 2002 Venezuelan
coup d'état attempt
Venezuela was a proponent of OAS's decision to adopt its Anti-Corruption Convention but on 26 April 2017, Venezuela announced its
intention to withdraw from the OAS
Maduro won the 2018 election with 67.8% of the vote
In August 2019, United States
President Donald Trump signed an executive order to impose a total economic
embargo against Venezuela
Venezuela has a market-based mixed
economy dominated by the
petroleum sector
The country's main petroleum
deposits are located around and beneath Lake Maracaibo, the Gulf of Venezuela
(both in Zulia), and in the Orinoco River basin (eastern
Venezuela). Besides the
largest conventional oil reserves and the second-largest natural gas reserves
in the Western Hemisphere
Venezuela has been one of the
world's leading exporters of oil, and it is a founding member of OPEC
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