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Showing results for tags 'fourth largest proven oil reserves'.
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With more than 145 billion barrels, Iraq is the fourth largest proven oil reserves in the world 2022-06-29 02:06 Shafaq News / OPEC announced, on Wednesday, that Iraq possesses the fourth largest proven oil reserves in the world, while indicating that these reserves do not include oil rocks. The organization stated in its annual report in June, seen by Shafak News Agency, that "the proven crude oil reserves in the world amounted to 1.545.071 trillion barrels at the end of 2021," indicating that "OPEC's share of these reserves amounted to 1,241.819 trillion barrels." She added that "Iraq ranked fourth globally in the world's largest proven reserves, with 145.019 billion barrels, after Venezuela, which came first, with 303.468 billion barrels, while Saudi Arabia came second, with 267.192 billion barrels, and Iran came third with 208.600 billion barrels." The organization indicated that "the countries of the Middle East have the largest reserves in the world, with 869.612 billion barrels, thanks to the reserves of Saudi Arabia, Iran, Iraq, Kuwait and the UAE, while Latin America came second, with 329.481 billion barrels, thanks to the reserves of Venezuela, while Africa came third, with 120.210 billion barrels, thanks to Libya." and Nigeria."
