10 countries with highest Oil Reserves all over the World
Oil, the most important natural resource found in the Earth’s crust is one of the costliest natural resources on our planet. It includes Natural gas, Petroleum, diesel and many more petroleum products. Not all the countries are lucky enough to have these resources in a sufficient amount. It’s a very scarce natural resource. Almost everybody and needs the oil for their daily needs. Such is the Importance of Oil in the modern world. It’s abundantly found in some rare places given below.
1.Saudi Arabia
2. Canada
3.Iraq
4.U.A.E (Dubai)
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The UAE, rich in oil and natural gas, has become highly prosperous after gaining foreign direct investment funding in the 1970s. The country has a relatively high Human Development Index for the Asian continent and ranked 39th globally. Before 1971, the UAE were known as the Trucial States or Trucial Oman, in reference to a nineteenth-century truce between Britain and several Arab Sheikhs. The name Pirate Coast was also used in reference to the area’s emirates in the 18th to early 20th century. Before 1971, the UAE were known as the Trucial States or Trucial Oman, in reference to a nineteenth-century truce between Britain and several Arab Sheikhs. The name Pirate Coast was also used in reference to the area’s emirates in the 18th to early 20th century. Oil reserve: 97.8 Billions of Barrels |
5.Kuwait
6.Iran
7.Venezuela
8.Russia
9.Libya
10.Nigeria
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The United Arab Emirates (UAE) (Arabic: دولة الإمارات العربية المتحدة, transliteration: Dawlat Al-Imārāt al-‘Arabīyah al-Muttahjdah) is a Middle Eastern federation of seven states situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The seven states, termed emirates are
[...] 10 countries with highest Oil Reserves all over the WorldTrinidad and Tobago, Grenada, St. Lucia, Barbados, Curaçao, Bonaire, Aruba, Saint Vincent and the Grenadines and the Leeward Antilles lie just north, off the Venezuelan coast. Falling within the tropics, Venezuela sits close to the … [...]
[...] 10 countries with highest Oil Reserves all over the WorldTrinidad and Tobago, Grenada, St. Lucia, Barbados, Curaçao, Bonaire, Aruba, Saint Vincent and the Grenadines and the Leeward Antilles lie just north, off the Venezuelan coast. Falling within the tropics, Venezuela sits close to the … [...]
what is the reserve of India?
I saw in some News that India has some hidden Oil reserves, but very less compared OPEC countries.
Now Reliance is extracting Oil from Gadavari-Krishna basin in A.P.