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What are the top 3 countries that produce oil?

What are the top 3 countries that produce oil?

According to the most recent data, the top five oil-producing nations are the United States, Saudi Arabia, Russia, Canada, and China.

Where are the major oil fields in the Middle East?

It hosts five of the world’s largest oil fields that include the Ghawar and the Safaniya fields in Saudi Arabia, the Burgan field in Kuwait, and Iraq’s West Qurna-2 and Rumaila oil fields. Some of the Middle East’s companies are also among the world’s biggest oil and producers.

Who has the most oil in the Middle East?

Saudi Arabia
As of 2018, the proven oil reserves for Saudi Arabia was 266.2 billion barrels. The world’s largest oil reserves can be found in the Middle East region….Volume of oil reserves in the Middle East in 2018, by country (in billion barrels)

Characteristic Reserves in billion barrels

Where does most of the oil in the Middle East come from?

The Middle East’s association with oil production primarily comes from countries like Saudi Arabia, Iran, Iraq, and Kuwait. Each of these has over 100 billions of barrels in proved reserves.

Which country has the best oil?

Proven Oil Reserves, by Country

Rank Country Oil Reserves (billion barrels)
#1 Venezuela 304
#2 Saudi Arabia 298
#3 Canada 170
#4 Iran 156

What is the poorest Middle East country?

Yemen: The country that has been a war zone since 2015 is the poorest Arab country this year with a GDP per capita of 1.94 thousand.

Which Arab country has the most oil?

Saudi Arabia is the world’s largest oil producer and accounts for roughly 15% of global output.

What 3 countries have the most oil in the Middle East?

The 3 largest oil producers in the Middle East are Iran, Iraq and Saudi Arabia.

Which is the richest oil country in the world?

Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels.

What country produces the cleanest oil?

We’re entering a golden age for oilsands production. The massive industrial-scale nature of oilsands production worked for decades to make producing oil in the Fort McMurray region a higher-cost and higher-emissions proposition.

Which country is the highest producer of oil?

What countries are the top producers and consumers of oil?

Country Million barrels per day Share of world total
United States 18.60 20%
Saudi Arabia 10.82 11%
Russia 10.50 11%
Canada 5.26 6%