Leading countries in oil production over the past year

Every day, the world’s largest oil producers extract about 100 million barrels of minerals from the fields. The leading oil powers are Russia, Saudi Arabia and the United States. It is they who provide the world market with 39% black gold.

The TOP 10 included leading countries in oil production over the past year.

10 Venezuela | 2,5 million barrels per day

Venezuela opens the top ten largest oil producers in the world. The country’s economy as a whole depends on the sale of fossil raw materials. Venezuelan exports are 96% oil sales. The country produces about 2,5 million barrels per day. The world share in the production of export raw materials is 3,65%. In terms of world oil reserves, Venezuela occupies the first position: about 46 billion tons of raw materials are concentrated there.

9. UAE | 2,7 million barrels per day

United Arab Emirates are among the top ten oil leaders. Their export share in the world market is 3,81%. The main deposits of useful raw materials are concentrated directly in the emirate of Abu Dhabi and account for 95%, the remaining 5% are in the emirates of Dubai and Sharjah. The country produces about 2,7 million barrels daily. The total oil reserves in the emirates amount to 13 billion tons of unused raw materials. The largest consumers of the United Arab Emirates product are Japan, Thailand, India, the Republic of Korea, Singapore and China.

8. Kuwait | 2,8 million barrels per day

Kuwait has 9% of the world’s oil reserves, which is about 14 billion tons. Thanks to this, the state has become one of the largest earners. Its share is 3,90% of the total supply of black gold to the world market. The country produces about 2,8 million barrels of raw materials per day. The largest oil field is Bolshoy Burgan, from where half of the production is extracted. The rest of the product is provided by the southern Minagish and Umm Gudair deposits, as well as the northern Raudhaiten and Sabriyakh. The country sells the resulting oil products to the United Arab Emirates, Syria, Morocco, Jordan and China.

7. Iraq | 3 million barrels per day

Iraq is one of the most reputable producers of natural raw materials in the world, which has begun to gain momentum in recent years. And this is no coincidence, because the country’s economy is directly dependent on oil exports. The total part of state revenues from the sale of petroleum products is approximately 90%. About 3 million barrels and more are extracted from the fields per day. The share of raw materials extracted by Iraq from the total world share is 4,24% today. There are 20 billion tons of black gold reserves in the country.

6. Iran | Country Iran

Iran – one of the largest oil powers in the world, which has huge reserves of raw minerals. The main part of raw materials is extracted from the Persian Gulf basin. According to researchers, the content of known black gold deposits will last the country for about 90 years. In terms of total oil reserves, which amount to 21 billion tons, the country is in third place. Iran extracts more than 3 million barrels of oil from the oil fields every day. The share of the country’s production in the world market segment is 4,25%. The main consumers of the Iranian product are China, Japan, Turkey, India and South Korea. Almost half of the state’s income comes from the export of petroleum products.

5. Canada | 3 million barrels per day

Canada is one of the leading producers and exporters of oil. The volume of extracted raw materials per day is more than 3 million barrels. The largest mineral deposit is one of the provinces of Canada – Alberta. The country is considered the main supplier of “black gold” to the United States, where more than 90% of the crude product is sold. The total world share of the exporter’s production is 4,54%. The state has inexhaustible reserves of natural raw materials and is among the three richest countries in terms of oil reserves, which are estimated at 28 billion tons.

4. China | 4 million barrels per day

China (PRC) is one of the largest oil producers. The share of the world volume for the extraction of raw materials is 5,71%. More than 4 million barrels are extracted daily from the depths of the earth with the help of drilling rigs. The country is not only the largest exporter, but also one of the leaders in the consumption of raw materials due to the large population. The state does not have the largest oil reserves, of which there are 2,5 billion tons. Russia is one of China’s largest oil importers.

3. USA | 9 million barrels per day

USA (11,80%) opens the top three world giants in oil production. The United States is engaged not only in exports, but also in imports of raw materials. A huge number of drills daily extract up to 9 million barrels of the fossil. As a percentage, the annual production volume is 11,80% in relation to other world oil producers. There are three main states that produce the product in the country – California, Alaska and Texas. The country has reserved a strategic reserve of black raw materials for use in case of unforeseen circumstances.

2. Saudi Arabia | 10 million barrels per day

Saudi Arabia – one of the world’s largest black gold miners. The entire economy of the country of the Middle East rests on the export of oil, which it supplies to the states of East Asia and the United States. Part of the external income received by Saudi Arabia from the sale of precious raw materials is about 90%. Oil fields in the country are controlled by Saudi Aramco. The world share of mining in the country is 13%. Daily work brings up to 23 million barrels per day. The country’s proven mineral reserves are 10 billion tons.

1. Russia | more than 10 million barrels per day

Russia is the rightful leader in oil production in the world. And this is not accidental, since the Russian Federation is considered the richest country in terms of reserves not only of “black gold”, but also of other minerals. It is literally a storehouse of natural gas, non-ferrous metals and coal. Oil is extracted not only for export, but also for the production of fuel material. The total volume of its proven reserves is over 14 billion tons. More than 10 million barrels per day are extracted from fields every day, and this volume is constantly growing. As a percentage of world oil production, the share of the Russian Federation is 13,92%.