How much of the world's Oil (percentage) does OPEC produce?

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2006-07-20 12:35:50 · 6 answers · asked by collegedebt 3 in Politics & Government ➔ Politics

897 billion barrels makes 78% of World production. Saudi Arabia is the biggest producer followed by Iraq and then Iran.

Jule, Australia.

2006-07-20 12:44:57 · answer #1 · answered by Jules G 6 · 0⤊ 0⤋

OPEC's member countries hold about two-thirds of the world's oil reserves. They supply 40% of the world's oil production and half of the exports.

2006-07-20 12:40:51 · answer #2 · answered by nobody 5 · 0⤊ 0⤋

Approximately 80%

2006-07-20 12:41:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋

2006-07-20 12:38:38 · answer #4 · answered by nexus2k 2 · 0⤊ 0⤋

30%

2006-07-20 12:37:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋

40%

2006-07-20 12:37:38 · answer #6 · answered by Ski_Bum 3 · 0⤊ 0⤋