This post consists of oil producing countries. Total world production of the oil is 12%. The oil of the world will run out in a few years. Every country is trying to discover more reserves of oil. It is known that how far this struggle will succeed. It is the need of the hour that we cut short the need of oil. Anyhow we should try to maximize the oil production. Following are the list of top ten oil producing countries in which we discuss their production, import and export of the oil.
10) Kuwait:
It produces less than Brazil. The production of oil of Kuwait is 2,494,000. It exports 2.96% oil to the world. It has 104 billion barrel proven oil reserves. Kuwait’s oil reserves are the fourth largest in the world. It is on seventh no. in export.
9) Brazil:
It produces 2,572,000 barrel oil the world. It shares about 3.05% oil to the world. It has 8.5 billion of proved oil reserves. In Brazil, Tupi oil field is a large oil field.
8 ) United Arab Emirates:
It produces about 2,798,000 oil of the world and exports 3.32% oil of the world. Their oil reserves are ranked as the sixth largest country in the world and possess one of the most developed economies in west Asia.
7) Mexico:
It supplies three leading foreign countries to the United States, along with Canada and Saudi Arabia. Its production is 3,001,000 oil of the world. It shares about 3.56% oil to the world.
6) Canada:
It is the major industry in the economy of North America. Its production is 3,289,000 barrels per day. It supplies about 3.90% oil of the world. It is the single largest source of oil imports into the United States.
5) Iran:
Iran plays a major role in the world oil market because its quality is very good. It produces about 4, 172, 000 bbl and 4.25 million barrels of oil per day. It supplies 4.95% oil to the world.
4) China:
It produces about 4.27 million oil barrels per day. It supplies 5%of the world. It has about 20.3 billion barrels of proven oil reserves. It is the fifth biggest supplier of oil to the US. Iran supplies 11% of china oil imports.
3) United states:
It is the third largest oil producing country and produce large amount of oil in the world. It produces 9.6 million barrel oil per day. It shares about 11% oil of the world. it has 21 billion barrel proven oil reserves.
2) Saudi Arabia:
Saudi Arabia is the second largest oil producers. It produces oil less than the Russia. The production of Saudi Arabia is 10,121 million barrels oil per day. It has one-fifth of the world’s proven oil reserves. It is the world’s largest oil exporter.
1) Russia:
The single largest oil producing country in the world is Russia, with a production of 10,124,000 barrels per day. It shares 12% oil of the world. It has about 60 billion barrels of proven oil reserves or 5% of the world oil reserves.
