Maracaibo is a city and municipality in northwestern Venezuela, on the western shore of the strait that connects Lake Maracaibo to the Gulf of Venezuela. It is the second-largest city in Venezuela, after the national capital, Caracas, and the capital of the state of Zulia. The population of the city is approximately 2,658,355 with the metropolitan area estimated at 5,278,448 as of 2010. Maracaibo is nicknamed "The Beloved Land of the Sun". Maracaibo is considered the economic center of western Venezuela, owing to the petroleum industry that developed in the shores of Lake Maracaibo.