Prelims: Current events of national and international importance | Geography
Why in News?
The United States has recently turned its attention to Venezuela’s vast mineral reserves, particularly in the Orinoco Belt and the Guiana Shield.
Orinoco Belt
20% of the world’s proven reserves of heavy and extra-heavy crude oil or a quarter of the reserves of all nations within OPEC lie within Venezuela’s Orinoco Belt.

Guiana Shield
The Guiana Shield holds approximately 20% of the world's fresh water and stores about 18% of the world's tropical forest carbon.

References
Down to Earth | Orinoco belt & Guiana Shield