The best in the world

  • Home
  • Technics
  • Finance
  • Ratings
  • Cars
  • Movie
  • People
  • Home
    • Technics
    • Finance
    • Ratings
    • Cars
    • Movie
    • People

Home Cities and countries

Rating of countries in terms of oil production

Share
Pin
Tweet
Send
Share
Send

Even a child is familiar with the term “black gold” today. Possession of high oil reserves and oil production delivered allowed many countries to literally step out of poverty into a new life. Thus, the welfare of such countries as Kuwait, the United Arab Emirates and Saudi Arabia is almost completely grown on oil.

Today we present world oil rating. Given the fact that the USA has actively taken up the increase in the production of “black gold”, Russia's first place next year will probably be called into question.

10. UAE (960 million barrels per year)

The emirates are systematically reducing oil production and the share of the oil sector in the country's economy. The state is actively developing trade, re-export and tourism. Nevertheless, the share of the oil and gas industry in the UAE's GDP is slightly less than 25%.

9. Kuwait (1 billion barrels)

In the 1960s, it was oil that gave Kuwait freedom from British influence. About 9% of the world's oil reserves are located in the country. The share of the oil sector in GDP exceeds 50%, and 95% of exports are crude oil and refined products.

8. Mexico (1.1 billion barrels)

Mexico accounts for approximately 3% of global oil production. Due to the underdeveloped refining industry, Mexico exports crude oil and at the same time imports petroleum products, purchasing them from the United States.

7. Iran (1.1 billion barrels)

About 45% of the country's budget revenues come from oil sales. The main buyers of Iranian oil are China, India, Japan, Turkey, South Korea and Italy.

6. Iraq (1.1 billion barrels)

The development of an oil field in the country is carried out by two state-owned companies - North Oil and South Oil Company. Oil exports account for 98% of Iraqi budget revenues. In comparison with last year’s rating, Iraq rose by 2 lines, increasing the rate of oil production.

5. Canada (1.4 billion barrels)

Canada accounts for almost 5% of global oil production. A well-developed refining industry allows Canada to completely abandon the import of petroleum products, providing its own needs on its own.

4. China (1.5 billion barrels)

Despite the fact that the growth of the Chinese oil industry is almost 3% per year, the country imports oil, purchasing it mainly from countries such as Iran and Iraq. China accounts for 5.1% of the global oil production market.

3. Saudi Arabia (3.6 billion barrels)

The share of Saudi Arabia in world oil production is almost 12%. The growth rate is more than 5% per year, which is an impressive indicator. Meanwhile, the United States squeezed the Saudi out of the second line of last year’s rating.

2. USA (3.7 billion barrels)

The states show the most impressive growth in the oil industry - nearly 11% per year. Today, the country accounts for 12.2% of the global production of “black gold”.

1. Russia (3.8 billion barrels)

It is becoming increasingly difficult for Russia to maintain leadership in oil production. The country does not have enough reserves for a qualitative increase in production, so the increase is only 1.3% per year. If this growth rate is maintained in a year, Russia will be on the third line of the rating, behind the USA and Saudi Arabia.

Share
Pin
Tweet
Send
Share
Send

Watch the video: Top 10 Highest Oil Producing Countries in the World 2020 (June 2025).

Similar Articles

The most disgusting alcoholic drinks in the world
Food and drink

The most disgusting alcoholic drinks in the world

2020
100 richest people in the world 2019, Forbes list of billionaires
Finance

100 richest people in the world 2019, Forbes list of billionaires

2020
The most popular cars in the world for 2018
Cars

The most popular cars in the world for 2018

2020

Leave Your Comment

Recommended

Interesting facts about the influence of color on the psychology of perception

Interesting facts about the influence of color on the psychology of perception

2020
Top 10 Lowest Actresses in Hollywood

Top 10 Lowest Actresses in Hollywood

2020
The scariest PC games: top 10 best in the world

The scariest PC games: top 10 best in the world

2020
5 best virtual reality glasses for smartphone

5 best virtual reality glasses for smartphone

2020

Popular Categories

  • Cities and countries
  • Favorite
  • The most in the world
  • Coronavirus
  • Technology Reviews and Tests
  • Articles
  • Nature
  • Sport
  • Medicine
  • Games

Recent

Rating of the most dangerous aircraft in the world

The most famous Russian brands in the world

Channel popularity rating

10 secret rooms in famous landmarks

Where to invest during the 2020 crisis

Xiaomi smartphones ranking 2019, the top 10

Actual

Best Home Water Filters
Medicine

Best Home Water Filters

2020

The quality of the water entering our homes leaves much to be desired. Therefore, more than half of households use one or another option for filtering water. The choice of a water filter depends on the initial state of the water, the required system performance, and also on the budget. In today's ...

Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

The most beautiful horses in the world, 30 photos of beautiful breeds

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

The best cars for travel (top 10)

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 10 ways to stay awake

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 10 TV shows according to viewers, not critics

2020

The best in the world

The best in the world.

Recent

  • Gas station rating for gasoline quality 2017
  • World's best-selling books
  • 10 best beaches of Ukraine, rating 2019

Popular Categories

  • Ratings
  • Movie
  • Ratings

© 2025 https://efuc.org

  • Tourism
  • Cities and countries
  • Sport
  • Coronavirus
  • Articles
  • Favorite
  • The most in the world
  • Technics
  • Games
  • Medicine

© 2025 https://efuc.org