Saudi Arabia is the largest producer of oil. Does it also have the highest reserves?
2007-03-12 02:54:56 · 7 answers · asked by Anonymous in Science & Mathematics ➔ Geography
Oil reserves refer to portions of oil in place that are economically recoverable.
The country that has the highest oil reserves is Saudi Arabia, followed by Canada, Iran, Iraq.
2007-03-12 03:58:10 · answer #1 · answered by kanlim 3 · 2⤊ 0⤋
If you are doing this for a report, a great online resource is The Society of Petroleum Engineers (www.spe.org)
Saudi Arabia has the highest reserve with apprx 261.9 billion barrels (includes half of Divided/"Neutral" Zone) on reserve and they produce
10.9 million barrels per day (bbl/d), of which 9.6 million bbl/d was crude oil, 1.2 million bbl/d was natural gas liquids (NGLs), and 80,000 bbl/d was "other liquids"
2007-03-12 10:59:56 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Saudi Arabia, I think.
2007-03-12 10:01:41 · answer #3 · answered by neutron 3 · 0⤊ 0⤋
Highest reserves are with Russia and Latin American countries like Venezuela.
But, make sure you do not say it loud. Mr. Bush may invade those countries too. :)
2007-03-13 06:37:07 · answer #4 · answered by Tiger Tracks 6 · 0⤊ 0⤋
yes, it's saudi arabia again by a very large margin
http://en.wikipedia.org/wiki/Oil_reserves
2007-03-12 10:47:39 · answer #5 · answered by sεαη 7 · 0⤊ 0⤋
It is probably Russia, they are the only country that is still constantly uncovering new fields, and many have not been calculated
2007-03-12 18:43:00 · answer #6 · answered by Murray H 6 · 0⤊ 0⤋
yes
2007-03-12 10:04:46 · answer #7 · answered by sunny 1 · 0⤊ 0⤋