the Top 10 Countries with Major Global Oil Reserves
Which countries have the biggest Oil Reserves in the top 10?
The top 10 countries with major global oil reserves are Venezuela, Saudi Arabia, Canada, Iran, Iraq, Russia, UAE, Kuwait, USA and Libya.
Which country has the highest Oil Reserves in 2023?
Venezuela has the highest oil reserves in 2023. It tops the list with the largest oil reserves worldwide. Venezuela has 303.806 Billion Barrels.
What are the 3 Largest Oil Reserves?
The three largest oil reserves are Venezuela, Saudi Arabia and Canada. Venezuela has an oil reserve of 303.806 Billion Barrels, Saudi Arabia has an oil reserve of 258.600 Billion Barrels and Canada has oil reserves of 170.300 Billion.
What is the Largest Oil Field in history?
The largest oil field in history is the Ghawar oil field. It is located in Saudi Arabia.
What country has the Largest Oil Reserves in OPEC and is leading in OPEC?
Saudi Arabia holds the largest oil reserves. It has an oil reserve of 258.600 Billion Barrels and the largest oil field in the world is the Ghawar oil field which is located in Saudi Arabia.
Top 10 Countries with Major Global Oil Reserves
The top 10 countries with major global oil reserves are Venezuela, Saudi Arabia, Canada, Iran, Iraq, Russia, UAE, Kuwait, USA, and Libya. Oil is also known as Black Gold and is an important resource to empower economies. It also helps to shape geopolitics. With more than 300 billion barrels of oil in reserve, Venezuela boasts the world’s greatest oil reserves. With 297.5 billion barrels of oil reserves, Saudi Arabia is the country with the second-highest global oil reserves.
Not every major oil producer has considerable established oil reserves. Varying sources give varying estimates of the United States crude oil reserves, but the EIA believes the country possesses about 36 billion barrels of producible crude and condensate.
In this article, we will look into the list of the top 10 countries with major global oil reserves, along with the quantity of oil reserves.
Table of Content
- About Countries with Major Global Oil Reserves
- List of Top 10 Countries with Major Global Oil Reserves
- Largest Country with Major Global Oil Reserves – Venezuela
- Second Largest Country with Major Global Oil Reserves – Saudi Arabia
- Third Largest Country with Major Global Oil Reserves – Canada
- Fourth Largest Country with Major Global Oil Reserves – Iran
- Fifth Largest Country with Major Global Oil Reserves – Iraq
- Sixth Largest Country with Major Global Oil Reserves – Russia
- Seventh Country with Major Global Oil Reserves – United Arab Emirates
- Eighth Largest Country with Major Global Oil Reserves – Kuwait
- Ninth Largest Country with Major Global Oil Reserves – USA
- Tenth largest Country with Major Global Oil Reserves – Libya
- Recent Developments in Major Global Oil Reserves
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