The country with the largest crude oil reserves in the world is:
The country with the largest crude oil reserves in the world is:
(A) USA
(B) Russia
(C) Venezuela
(D) Saudi Arabia
Venezuela has the largest proven oil reserves in the world, estimated at 303 billion barrels, mostly found in the Orinoco Belt. This reserve constitutes about 17% of the total global reserves, exceeding the reserves of Saudi Arabia (267-297 billion barrels) and Canada (168 billion barrels). Venezuela has the largest reserves but faces challenges in extracting oil due to the heavy and dense nature of the oil.