All the countries around the Persian Gulf have some of the world's largest oil reserves. The countries in this area with their worldwide ranking of oil production are Saudi Arabia (2nd), Iran (4th), Iraq (7th), United Arab Emirates (9th), Kuwait (11th), and Qatar (21st).
The question as posed is somewhat difficult to answer.
Venezuela is the country with the largest amount of proven oil reserves, but does not match the geographic conditions because it is in South America. Conversely, Saudi Arabia, a country between the Red Sea and the Persian Gulf, is the country with the second largest proven petroleum reserves.
oil and gas reserves
Saudi Arabia has largest oil deposit
Venezuela
Amounts of buried oil.
It is pretty much everywhere in the Middle East. The oil rich countries are the ones currently drilling, but most of the Middle East has oil reserves. Most oil though is not in that portion of the world. The United States has the two largest reserves in the world. The Green Valley reserve and the Baikin reserve may hold more then all of the middle east. Environmental rules prevent us from exploiting this reserve. The above is not necessarily correct. Petroleum in the Middle East is predominantly found around the Persian Gulf area and in the larger North African countries. No Levant country nor Turkey has any current access to petroleum. Israel, however, is trying to mine for petroleum within its territorial waters.
In the countries around the Aegean Sea and in the eastern Mediterranean Sea.
The Persian Gulf! The largest deposit is actually located beneath Saudi Arabia.
In a clockwise direction from the south , Oman, United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Iraq and Iran.
Although native to the Americas, the largest sunflower production is situated around the west coast of the Black Sea. Countries like Russia, the Ukraine, and Romania have the largest sunflower production.
Petroleum is primarily found around the Persian Gulf, so, the countries that border the Gulf (Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, and the United Arab Emirates) have petroleum. The countries of the Levant, by contrast, lack petroleum. Egypt also has some petroleum.
The persian gulf
Suzani textiles originally come from Persian. They are made in Central Asian countries. It was made around the 18th and 19th centuries by surviving Suzani people.
Normally around 2-3 gallons is held in reserve.
There were several around the globe, Greece, China, Egypt, the Celts, Polynesia, Babilon.....
The United States has the world's largest economy by a large margin.