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How does Lake Maracaibo generate money?

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The basin is one of the major oil-producing areas of the world, and was developed beginning in 1918. Although petroleum production is the most significant economic activity locally, sugarcane, cacao, and livestock are raised. In addition, fish are caught in the lake, despite pollution from agricultural runoff and oil spills.

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Get more facts and information about Maracaibo, Lake . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

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