Trending GK, largest oil reserves in the world: Crude oil plays a huge role in the world economy; the countries which have huge reserves of crude oil also have a huge impact on global politics and power. Nowadays, countries like America and Russia keep clashing with each other over oil. The war between America, Israel and Iran has once again created a situation of crisis regarding oil. In such a situation, let us understand who has the most reserves in the world. In such a situation, let us know who has the largest reserves of oil among the top 10 countries of the world and who is at the forefront in the matter of oil among America, Russia and Iran?
Highest oil reserves in top 10 countries
1.Venezuela- 303.22 billion barrels
Venezuela has the largest amount of crude oil in the world. This country has been close to Russia for a long time. Russia has provided arms, investment and diplomatic support here. In recent years, America has exerted military pressure here and tried to capture the oil.
2.Saudi Arabia-267.2 billion barrels
Saudi Arabia is at second place in terms of crude oil reserves. This country has traditionally been America’s strongest ally. A large part of Saudi oil goes to America and its allied countries.
3.Iran-(about 157-158 billion barrels)
Iran comes third in terms of oil reserves. Iran has deep relations with Russia and China. Its enmity with America is decades old. Iran often takes a tough stance against America regarding oil.
4. Canada-(about 170 billion barrels)
Canada comes at number four or fifth. It is a member of NATO and also a very close neighbor of America. Canada exports most of its oil to America. His inclination is completely towards America.
5.Iraq-145.02 billion barrels
If we talk about oil reserves, Iraq is at fifth or sixth place. America has had a strong influence here since 2003, but in recent years the presence of Russia and Iran has also increased.
6.United Arab Emirates (UAE)-113 billion barrels
United Arab Emirates (UAE) is a strategic partner of America. In the last few years, energy cooperation has also increased with Russia and China, but relations with America are the strongest.
7.Kuwait-(about 100 billion barrels)
America has played a big role in Kuwait’s security and oil policy since the Gulf War. His inclination is clearly towards America.
8. Russia-80 billion barrels
Russia itself also comes in the top 10. This country has been using oil and gas as a weapon against America. Russia’s own reserves are quite large and it is among the world’s largest oil exporting countries.
9.America-(about 35-50 billion barrels)
America is also included in the list. Oil production takes place on a large scale in states like Texas, North Dakota and New Mexico. America has become the largest oil producing country in the world.
10.Libya-48.36 billion barrels
Libya’s name comes at number 10 in oil reserves. The country is divided into two parts due to civil war. One part supports Russia and the other supports Western countries.
Oil: a big weapon of power
Oil is not just a fuel but a major weapon of global power. Countries like Venezuela and Iran are close to Russia, while Saudi Arabia, UAE, Kuwait and Canada are strong allies of America. The influence of both sides is visible in Iraq and Libya. Russia and America have been bitter rivals for decades and oil is a big part of this fight. This list shows that oil is not just under the ground, but at the center of world politics. Who is with whom is also decided by the reserves and production of oil.
