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.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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