Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting on the greatest amounts of proven crude oil reserves (bbl). Check them out below.
The edited excerpts above, and those below, are from an article* by Elena Holodny (businessinsider.com) originally entitled 10 countries sitting on massive oceans of oil which can be read in its expanded format HERE.
Here is the list in descending order:
10. Nigeria: 37.14 billion
9. Libya: 48.47 billion
8. Russia: 80 billion
7. United Arab Emirates: 97.8 billion
6. Kuwait: 104 billion
5. Iraq: 140.3 billion
4. Iran: 157.3 billion
3. Canada: 173.2 billion
2. Saudi Arabia: 268.4 billion
1. Venezuela: 297.7 billion
The original article was written by Elena Holodny (businessinsider.com) and is presented here by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]
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