Cryptocurrency Q&A
Where is the richest oil in the world?
Where is the richest oil in the world?
KatanaGlory
Wed Dec 11 2024
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7 answers
1718
The richest oil in the world is primarily found in the Middle East, with countries like Saudi Arabia and the UAE exporting massive amounts of oil and reaping huge profits. For instance, Saudi Arabia exported oil worth $1714 billion in 2006. However, oil is not just a source of wealth; it has also led to conflicts and wars in the region, making it both a blessing and a curse.
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7 answers
Caterina
Fri Dec 13 2024
Saudi Arabia follows closely behind Venezuela in terms of oil reserves.
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Luca
Fri Dec 13 2024
Venezuela holds a significant portion of the world's oil reserves.
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Daniele
Fri Dec 13 2024
Specifically, Venezuela's oil reserves account for 18.2% of the global total.
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Lorenzo
Fri Dec 13 2024
This makes Venezuela one of the top oil reserve holders globally.
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BlockchainLegend
Thu Dec 12 2024
The country's share of the world's oil reserves stands at 16.2%.
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