Largest Oil Reserves In The World

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Largest Oil Reserves In The World Even though the total oil reserves within the United States are not enormous it is able to produce oil like no other and manages to refine 12 million barrels per day a number that is still the highest in the world The largest importers of American oil are Mexico and China at 11 and 10 respectively according to the percentage share of

Saudi Arabia has the second largest amount of oil reserves in the world with just over 267 billion barrels Despite Venezuela s massive supply of natural resources the country still struggles economically Venezuela and Saudi Arabia have populations of comparable size however Saudi Arabia s economy is twice as large One of the most troubled countries in the world Venezuela is also the country with the world s largest oil reserves pegged at over 300 billion barrels Yet U S sanctions a now chronic

Largest Oil Reserves In The World

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List of world countries by proven Oil Reserves in million cubic feet MMcf and per capita Population More CO2 emissions Coronavirus Food Agriculture GDP by country Water World Map W Energy Oil Oil Reserves by Country Oil Reserves by Country Country Oil Reserves barrels in 2016 World Share 1 Venezuela 10 Libya 50 billion barrels Oil Reserves 50 billion barrels Years of production in reserve 76 Population 7 3 million GDP PPP 183 3 billion GDP Per Capita 26 928 Libya is a country in North Africa with an area of approximately 700 000 square miles the fourth largest country in Africa and the 16th largest in the world

Shown are the total proven reserves of oil in tonnes This is oil that we know with reasonable certainty can be recovered in the future under existing economic and operating conditions 2024 with major processing by Our World in Data Oil proved reserves dataset Energy Institute Statistical Review of World Energy Proven Oil Reserves showcases the commercially available and theoretically recoverable oil reserves of a given country based on its recognized reservoirs For the purposes of the GFP ranking oil is a highly valued component when considering a prolonged military campaign and is used in conjunction with oil consumption and oil production values

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Venezuela boasts the largest proven oil reserves globally estimated at approximately 303 billion barrels These reserves are primarily located in the Orinoco Belt a vast region rich in extra heavy crude oil Caracas the nation s capital serves as the administrative hub for the country s oil industry This allowed some of the biggest oil companies in the world to post record profits in 2022 including Shell plc NYSE SHEL which recorded its highest ever profit in their history Prices were

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The World s Largest Oil Reserves By Country In 2024

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Even though the total oil reserves within the United States are not enormous it is able to produce oil like no other and manages to refine 12 million barrels per day a number that is still the highest in the world The largest importers of American oil are Mexico and China at 11 and 10 respectively according to the percentage share of

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Saudi Arabia has the second largest amount of oil reserves in the world with just over 267 billion barrels Despite Venezuela s massive supply of natural resources the country still struggles economically Venezuela and Saudi Arabia have populations of comparable size however Saudi Arabia s economy is twice as large


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