Venezuela is a country in South America. Having a shoreline along the Caribbean Sea and the North Atlantic Ocean, Venezuela borders Colombia to the west, Guyana to the east and Brazil to the south, and is situated on the major sea and air routes linking North and South America.enezuela is a country in South America. Having a shoreline along the Caribbean Sea and the North Atlantic Ocean, Venezuela borders Colombia to the west, Guyana to the east and Brazil to the south, and is situated on the major sea and air routes linking North and South America.