Why in news
On July 28, Venezuela’s President Nicolas Maduro returned to power after a controversial election, whose results have been disputed by the Opposition and several countries
Venezuela
Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea
The capital and largest urban agglomeration is the city of Caracas.
The continental territory is 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.
The territory of Venezuela was colonized by Spain in 1522 amid resistance from Indigenous peoples.
In 1811, it became one of the first Spanish-American territories to declare independence
Geographical features:
Angel Falls in Venezuela the world's tallest uninterrupted waterfall, with a height of 979 metres
Lake Maracaibo
What is meant by petrostate?
A petrostate or oil state is a country whose economy is heavily dependent on the extraction and export of oil or natural gas
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