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There are several countries that have very large oil reserves. They are Venezuela which accounts for 20 percent of global reserves, Saudi Arabia and Iran.

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6d ago

Countries with the largest oil reserves include Venezuela, Saudi Arabia, Canada, Iran, and Iraq. These countries possess significant amounts of proven oil reserves that make them key players in the global oil industry.

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Q: Which countries have the largest oil reserves?
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Related questions

In what countries are the largest oil reserves?

See the related link.


The three countries with the largest oil reserves in the world are?

SAUDI ARABIA,IRAQ AND KUWAIT


Where are the largest oil reserves in the US?

The largest oil reserves in the United States of America are in Alaska. These oil reserves are not used as a main source of oil in the US.


Where are the largest oil reserves in Nepal?

there are no proven oil reserves in Nepal.


Does Algeria have the largest oil reserves in north Africa?

No, Libya has the largest oil reserves in North Africa. Algeria probably has the second largest oil reserves in North Africa, though.


Which latin American country has the largest oil reserves?

Venezuela has the largest oil reserves in Latin America. Its oil reserves are estimated to be the largest in the world.


What country have the largest supply of oil reserves in north africa?

Libya has the largest supply of oil reserves in North Africa.


What do the countries around the Persian gulf have the worlds' largest reserve of?

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).


Why are countries with oil reserves richer than those countries without oil?

Oil exportation generates large amounts of revenue for the country that has the oil reserves.


Has the largest oil reserves in the Western Hemisphere?

Venezuela has the largest oil reserves in the Western Hemisphere.


How large are the reserves for oil coal and natural gas?

The United States reserves of call and natural gas are the largest in the world. The United States oil reserves are the third-largest in the world.


Which west african city has the largest oil reserves?

There has been discovery of many oil reserves in Africa. Nigeria has the most oil reserves in the African continent.