The Wikipedia link lists Venezuela as #1 and Saudi Arabia as #2. Others have Saudi Arabia as #1 and Canada as #2. But when you look at what Canada and Venezuela are currently producing, you will see they are not even close to the top of the list.
The reason for the different lists is because Canada and Venezuela have large heavy oil deposits, which will require advanced technology and large capital investments to produce. The level of certainty of these reserves is likely less than stated reserves in Iran, Iraq and Kuwait, also generally in the top five on reserves lists.
Venezuela has the largest oil reserves in Latin America.
Venezuela has the largest oil reserves in the Western Hemisphere and was a founding member of OPEC. It has nearly 80 billion barrels of oil reserves and provides 15% of The United States' oil. It is the seventh largest producer of oil in the world.
Algeria is the North African country with the largest supply of oil reserves.
The United States, in fact, buys the largestpercentage of OPEC oil.
Nigeria
Libya has the largest supply of oil reserves in North Africa. It is estimated to hold the largest proven oil reserves in Africa.
Saudi Arabia has the largest oil reserves in the region.
The largest oil reserves in the world are located in Saudi Arabia. The country holds approximately 16% of the world's proven oil reserves.
The 12 OPEC contries control 79% of the worlds crude reserves and 44% of the worlds crude oil production.
Venezuela has the largest oil reserves in the world, with significant deposits located in the Orinoco Belt.
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
irans national holiday is republic day1. Iran's history goes back at 4000BC.2. Iran is second in the world in natural gas and oil reserves. it is opec's second largest oil explorer.1. Iran's history goes back at 4000BC.2. Iran is second in the world in natural gas and oil reserves. it is opec's second largest oil explorer.