Venezuela has the largest petroleum reserves in the world.
Madagascar has the second largest petroleum factories in Africa
Saudi Arabia is Asia's leader in petroleum production and petroleum reserves
Algeria is the North African country with the largest supply of oil reserves.
Texas and Alaska have the largest petroleum or oil reserves in the United States.
Yes, Russia is one of the largest producers of petroleum in the world, along with countries like the United States and Saudi Arabia. The country has significant oil reserves and is a major player in the global oil market.
The two European countries with the largest petroleum reserves are Russia and Norway. Russia holds the largest reserves in Europe, while Norway also has significant oil reserves offshore in the North Sea.
Lybia followed by Nigeria, followed by Algeria and then Angola See link bellow:
Venezuela has the largest oil reserves in the Western Hemisphere and its economy is heavily reliant on petroleum exports. However, political and economic challenges have hindered the country's ability to fully leverage its oil wealth for development.
Saudi ArabiaProven oil reserves (billion barrels):267.91Total oil supply in 2012 (thousand barrels per day): 11,545.7Saudi Arabia has almost one-fifth of the world's proven oil reserves and ranks as the largest producer and exporter of oil in the world.
The largest petroleum producing country in the world is the United States.
There has been discovery of many oil reserves in Africa. Nigeria has the most oil reserves in the African continent.