Algeria is the North African country with the largest supply of oil reserves.
Saudi Arabia has the largest oil reserves in the region.
Venezuela has the largest oil reserves in Latin America.
Saudi Arabia has the largest oil reserves in the world.
The largest oil reserves in the world are located in Saudi Arabia. The country holds approximately 16% of the world's proven oil reserves.
Oil exportation generates large amounts of revenue for the country that has the oil reserves.
Saudi aribia
Lots of countries have crude oil reserves. Russia, Saudi Arabia, the US, and Iran have the most crude oil reserves.
Venezuela.
Libya has the largest supply of oil reserves in North Africa. It is estimated to hold the largest proven oil reserves in Africa.
Because it's there. If there are oil reserves in a country you drill for them.
There are 19,120,000,000 barrels of oil in reserves in the US. These reserves produce 7,800,000 barrels of oil a day, the third most of any country. Most of these are located in Alaska and the Gulf Coast.