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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.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoSome OPEC countries that have large oil reserves are Saudi Arabia, Canada, Iran, Iraq, Kuwait and the United Arab Emirates. but the largest for sure is Saudi Arabia.
:-)
-Mz. Roc iz owta here....................RESPECT!
Wiki User
∙ 11y agoVenezuela actually has the largest number of oil reserves and Saudi Arabia is second. Canada is third.
Wiki User
∙ 11y agoVenezuela produces the most oil.
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Which South American country is a major producer of oil?
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.
Which latin American country has the largest oil reserves?
Venezuela has the largest oil reserves in Latin America.
What country have the largest supply of oil reserves in north africa?
Libya has the largest supply of oil reserves in North Africa.
Which country buys the largest percentage of OPEC oil?
The United States, in fact, buys the largestpercentage of OPEC oil.
Witch west African contury a member of OPEC is known for its oil reserves and is one of the largest producers of oil in the world?
Nigeria
Where are the oil reserves located?
Oil reserves are located in various regions around the world, with major reserves found in countries like Saudi Arabia, Venezuela, Canada, Iran, and Iraq. Offshore reserves are also significant, with notable deposits in the Gulf of Mexico, North Sea, and the South China Sea. Additionally, oil reserves are found in onshore locations like Russia, the United States, and China.
What percentage of the worlds oil reserves are controlled by OPEC countries?
The 12 OPEC contries control 79% of the worlds crude reserves and 44% of the worlds crude oil production.
What country has the largest oil reserves?
Venezuela has the largest oil reserves in the world, with significant deposits located in the Orinoco Belt.
What country has the most oil?
The country with the most oil reserves is Venezuela, followed by Saudi Arabia. Both countries possess significant oil reserves and play a crucial role in the global oil market.
Who are the 3 former members of opec?
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
What are facts about Iran?
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.
The largest oil reserves in the Middle East are in what country?
Saudi Arabia
