The largest oil reserves in the world are located in Saudi Arabia. The country holds approximately 16% of the world's proven oil reserves.
Venezuela has the largest oil reserves in the world, with significant deposits located in the Orinoco Belt.
Venezuela has the largest oil reserves in Latin America.
Venezuela has the most oil reserves in the Western Hemisphere and the world.
According to the U.S. Energy Information Administration, the countries of the Middle East have the largest oil reserves, totaling over 739,000,000,000 barrels. This is more than half of the known reserves in the world of 1,317,447,000,000 barrels. The United States has roughly seven times the known reserves of oil then all of the Middle East. The Green Valley reserve has 4 trillion to 7 trillion barrels in it. The Baikan Reserve also has about 2 trillion barrels located inside of it. Neither of these reserves are currently used. The Middle East has the largest portion of tapped and pumping reserves in the world.
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.
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Venezuela has the largest oil reserves in the world, with significant deposits located in the Orinoco Belt.
Largest reserves of oil is in the Middle East 56%, North Amercia 16%, Africa 9%, Central and South America 8%, Eurasia 7%, Asia 3% and Europe 1%.
Venezuela has the largest oil reserves in Latin America.
Venezuela has the largest crude oil deposits in the world, with the largest reserves located in the Orinoco Belt.
Venezuela has the most oil reserves in the Western Hemisphere and the world.
Right. Mexico is one of the largest producers of oil in the world.
Saudi Arabia.
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According to the U.S. Energy Information Administration, the countries of the Middle East have the largest oil reserves, totaling over 739,000,000,000 barrels. This is more than half of the known reserves in the world of 1,317,447,000,000 barrels. The United States has roughly seven times the known reserves of oil then all of the Middle East. The Green Valley reserve has 4 trillion to 7 trillion barrels in it. The Baikan Reserve also has about 2 trillion barrels located inside of it. Neither of these reserves are currently used. The Middle East has the largest portion of tapped and pumping reserves in the world.
Algeria famous because it is the tenth largest country in the world, the 17th largest oil reserves in the world and the 9th largest reserves of natural gas.
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.