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What is the difference between having oil reserves and producing oil?

Oil production is how much oil a country pumps (produces) in a particular year. Oil reserves are an estimate (guess) at how much oil is left in the ground under a country to be pumped total, which may take many years.


Where are the largest oil reserves in Nepal?

there are no proven oil reserves in Nepal.


What is the difference between oil reserves and oil deposits?

Oil Reserves are big and oil deposits are small.


What are the oil resevers in Iran?

Iran is an oil country. Iran has oil and gas resources far. Iran says oil reserves to oil fields in Iran. For the extraction of oil reserves, Iran has invested much. Many countries have invested onIranian oil.


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.


Which latin American country has the largest oil reserves?

Venezuela has the largest oil reserves in Latin America.


Is there more known coal reserves in Illinois than oil reserves?

No, there are more known oil reserves in Illinois than coal reserves. Illinois has significant crude oil reserves, particularly in the southern part of the state, while its coal reserves have decreased due to mining activities.


How do the Middle Eastern countries have so much oil reserves?

because they are naturally rich in oil, and they understand how precious oil is and will be.


How do you put oil reserves into a sentence?

The oil reserves on the Earth is very small.


How much oil reserves are under Alaska north slope?

5 million


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.


Has the largest oil reserves in the Western Hemisphere?

Venezuela has the most oil reserves in the Western Hemisphere and the world.