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Saudi Arabia
Proven anddeclaredreserves may differ greatly as it is in a nationsstrategic interest to treat both separately and many nations hold their best estimate of actual, proven recoverablereservesas a state secret.
Also note that ever decreasing reserves require significantly higher cost and time to access, so declared reserves may not be translated directly to current production rates over a limited time.
Lastly oil reserves may include different grades and types of oil. For example Canada shale oil reserves may exceed Saudi Arabia's, but the cost and trouble to extract those reserves make it difficult to compare the two.
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In 1990 which country controlled 25 of the worlds oil reserves?
Saudi aribia
In 1990 which country controlled 25 percent of the worlds oil reserves?
Saudi Arabia
What country has the worlds largest oil pipeline?
Canada
Where is the largest oil pipeline in the world?
siberia
Where is the worlds largest oil pipeline?
siberia
Which latin American country has the largest oil reserves?
Venezuela has the largest oil reserves in Latin America. Its oil reserves are estimated to be the largest in the world.
What country have the largest supply of oil reserves in north africa?
Libya has the largest supply of oil reserves in North Africa.
What country has the largest supply of oil reserves in north Africa?
Libya has the largest supply of oil reserves in North Africa. It is estimated to hold the largest proven oil reserves in Africa.
What country in this region has large oil reserves?
Saudi Arabia has the largest oil reserves in the region.
Where is largest oil reserves in the world located?
The largest oil reserves in the world are located in Saudi Arabia. The country holds approximately 16% of the world's proven oil reserves.
What country has the largest oil reserves?
Venezuela has the largest oil reserves in the world, with significant deposits located in the Orinoco Belt.
The largest oil reserves in the Middle East are in what country?
Saudi Arabia
What country has the second largest oil reserve?
USA
What country has the most oil?
The country with the most oil reserves is Venezuela, followed by Saudi Arabia. Both countries possess significant oil reserves and play a crucial role in the global oil market.
What southwest Asian country has the most oil reserves?
Saudi Arabia has the most oil reserves in southwest Asia, making it one of the world's largest oil producers.
Where are the largest oil reserves in the US?
The largest oil reserves in the United States of America are in Alaska. These oil reserves are not used as a main source of oil in the US.
Is it true that Saudi Arabia has the largest oil reserves in the middle east?
YES. Saudi Arabia has proven oil reserves of 268.35 billion barrels. The next largest Middle Eastern country is Iran, with proven oil reserves of 157.30 billion barrels.
