The whole world, including the developed and developing countries, tries to get rid of depending on the non-renewable sources of energy such as gas and oil to be kept for a longer time, to reduce the level of pollution and to protect the surrounding environment and keep it clean. In spite of exerting huge efforts by different governments and international organizations for controlling the problem of pollution which is caused by using non-renewable sources of energy, we still look at those countries which produce large amounts of oil and natural gas. Those countries which are ranked as the largest oil producing countries in the world are considered to be luckier than others since this commodity is considered to be very valuable and can cause war among countries. The black gold is responsible for creating fortunes and making its producers the wealthiest and most powerful countries in the whole world even if they are the poorest and weakest such as Qatar which turned from being nothing into being the richest country in the whole world. Do you want to get more information about these countries? Here is a quick glance at the top 10 largest oil producing countries in the world.
10. Mexico
It is ranked as the 10th largest oil producing country in the world since its production is estimated to be 2,934,000 barrels per day which represents about 3.56% of the total oil production in the world.
9. Venezuela
It produces about 3,023,000 barrels per day which are estimated to be approximately 3.56% of the world oil production and this makes the country ranked as the 9th largest oil producing country in the whole world.
8. United Arab Emirates
It comes as the 8th largest oil producing country in the whole world since its production is about 3,087,000 barrels per day which is approximately 3.32% of the total oil production in the world. United Arab Emirates is also ranked as the 17th largest country in the world in terms of natural gas reserves. Abu Dhabi was the first of the emirates to start exporting oil.
7. Iraq
Although it suffers from explosions at its oil fields which affect its production, it is still ranked among the top 10 largest oil producing countries in the world. Iraq is the 7th largest oil producing country in the whole world thanks to its production which is estimated to be 3,400,000 barrels per day and this represents about 3.75% of the total oil production in the whole world.
6. Canada
Canada’s oil production is estimated to be approximately 3,592,000 barrels per day and this represents nearly 3.90% of the total oil production in the world which makes the country ranked as the world’s 6th largest oil producing country. Canada also has about 13% of the oil reserves in the world.
5. China
Is it logical to find China here? Believe it or not, China is ranked as the 5th largest oil producing country in the world thanks to its production that records about 4,073,000 barrels per day which is almost 4.56% of the world oil production. The 5th largest oil producer in the world is also the world’s 1st and largest oil importer because of the high consumption of energy that is caused by the rapid economic growth that it witnesses.
4. Iran
Iran comes as the 4th largest oil producing country in the world as it produces about 4,231,000 barrels per day and this amount of production is estimated to be about 4.77% of the total oil production in the world. Being the 4th largest oil producer in the world makes Iran one of the most powerful countries that are difficult to be controlled. The oil reserves that the country has contribute to increasing its foreign exchange reserves as it comes to be the 4th largest country in the world in terms of oil reserves and the 2nd country in terms of exporting oil.
3. Saudi Arabia
It was expected to be the largest oil producer but it comes as the 3rd largest oil producing country in the world since it produces about 10,400,000 barrels per day and they are estimated to represent about 9.97% of the total oil production in the world. Oil has helped this country to improve its economy which is among the most prosperous and developed economies in the world and oil has also allowed the country to be ranked among the richest in the world with a high standard of living.
2. Russia
It is one of the most powerful countries in the world thanks to the amount of oil that it produces. Russia’s oil production is estimated to be approximately 10,990,000 barrels per day and this represents about 12.65% of the total oil production in the world. Russia is also one of the largest producers of natural gas in the world, has the 8th largest oil reserves in the world and its oil export earnings contribute to increasing its foreign exchange reserves.
Now
It seems that you know the largest oil producer in the world
It
Is
The
United States
It is really unbelievable to find that the United States is highly ranked on this list to be the largest oil producing country in the whole world as its production is estimated to be 11,440,000 barrels per day which represents about 13.28% of the world oil production. What is more shocking is that the United States which is the largest oil producer is also ranked among the largest countries in the world in terms of importing oil to come as the 2nd largest oil importer after China which surpasses it to be the 1st importer of crude oil in the world. The main reason behind ranking the United States as the 2nd largest oil importer in the world is the increasing consumption of oil that exceeds its production.
