On the theme : Oil-rich countries in the world

The three leaders who manage the largest stocks

• Saudi Arabia leads with 13.1% of oil production. At the end of 2013, production amounted to 542.3 billion barrels, which is slightly lower than the 549.8 billion barrels in 2012. The country is also a leader in oil exports to world markets. The oil industry is the mainstay for Saudi Arabia, which accounts for more than 45% of GDP.
• Russia is traditionally in second place (in terms of reserves it is only in 8th place). The exceptions were 2009 and 2010, when Russia and Saudi Arabia came out on top. In 2013, Russia accounted for 12.9 percent of world production, or 531.4 billion barrels. Oil exports are a key element in shaping Russia’s budget, despite its constant efforts to reduce its dependence on hydrocarbon supplies.

In third place is the United States. The country's share in world production is 10.8%, the volume of extracted oil is 446.2 billion. It is noteworthy that oil production in the United States increased by 13.5% compared to 2012. In 2013, China owned 5% of the shares. At that time, production reached 208.1 billion barrels.

The three leaders who manage the largest stocks

Venezuela produces more than three percent of the world. According to expert estimates, oil in Venezuela will run out 120 years ago. The country’s oil potential is more than 290 billion barrels, or 17% of world reserves. However, the oil of the Latin country has its own characteristics - it is heavier and harder to weigh. The country is the tenth largest oil producer in the world.
Saudi Arabia is a major producer and producer of world oil potential. Oil reserves are more than 265 billion barrels (more than 15% of the world). Currently, the state's oil fields have been supplying the country with fuel for more than eighty years, according to experts. Arabia is the largest producer and supplier of black gold.
Canada - The country's oil reserves exceed 173 billion barrels (more than 10%) mainly due to hard oil extracted from sand. The profitability of producing such oil is approaching $ 90 per barrel. Canadian companies are America’s major oil suppliers.