The most important oil countries

The most important oil countries

Oil is still the main source of energy. Indeed, this raw material occupies 37% of the energy consumed throughout the world. Therefore, which are the most important oil countries?

The biggest oil producers

Saudi Arabia is one of the biggest oil producing countries in the world. Moreover, the 11.75 million barrels prove its ability to extract hydrocarbons. Moreover, the country occupies 13% of world production. Second, the United States is one of the leaders in hydrocarbon production. In fact, the States count 11.11 million barrels per day, or 12% of the world's oil production.

Russia produces 11.4% of the world's hydrocarbon production. The country totals more than 10.44 million barrels every day. With 4.19 million barrels every day, China is one of the largest oil producers. Canada comes next with a global production of 4.6%, or 3.8 million barrels. In addition, Iran provides 4.4% of the world's hydrocarbon production.

The largest oil deposits

The Middle East exerts considerable influence in the oil market because it holds the largest oil deposits. The oil potential of Saudi Arabia comes mainly from the Ghawar field. This oil slick has indeed reserves estimated at 70 billion barrels. Similarly, Safaniya is an important offshore oil slick. Researchers estimate the reserves at 50 billion barrels.

An important reserve of oil is located in Kuwait. This is the Burgan deposit. The reserves of this table are about 72 billion barrels. In Iraq, the big Rumaila oil slick has a reserve of 17.8 billion barrels. Finally, the country also owns the West Qurna-2 deposit. This second largest oil slick in Iraq has a reserve of 13 billion barrels.

Oil exporter countries

Members of the Organization of the Petroleum Exporting Countries (OPEC), namely Saudi Arabia, Iran, the United Arab Emirates, Kuwait, Iraq and Venezuela are the main oil exporters in the world. Apart from this organization, Russia, the United States and Canada are among the countries that export oil. Thus, these nations sell nearly 64 million barrels every day around the world.

For that matter, some countries, as it happens in Tunisia, are forced to import due to insufficient local oil production. However, the Tunisian oil company: Hédi Bouchamaoui and Sons-HBS stood out from its competitors and relocated its activities. Today, this company, now named HBS Oil Company, operates in Egypt under the leadership of Tarek Bouchamaoui. Entrepreneur and major player in the oil sector, Tarek Bouchamaoui also offers training in this area for 250 beneficiaries.