Accepted Answer
Paraguay, a Latin American country is not known for its vast oil resources. Paraguay is a developing nation. Despite being a landlocked country, Paraguay has a number of notable lakeside beaches.Oil is not produced in Paraguay. While imports of crude oil and fuels generated from it amounted for 9.5% of imports between 1993 and 2003, exports of crude oil from Paraguay made for just 0.2% of the nation's overall exports during that time.South American landlocked nation of Paraguay. Bolivia lies to the northwest, Argentina to the south and southwest, Brazil to the east and northeast, and Seven million people call it home, over three million of them reside in Asunción, the nation's capital and largest city, and the metro area that surrounds it. Paraguay has ports on the Paraguay and Paraná rivers that provide access to the Atlantic Ocean despite being one of only two landlocked nations in South America.Learn more about Latin America here:https://brainly.com/question/667544#SPJ4
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