Top 8 Countries with Largest Oil Reserves: Is the US Included? Discover India's Rank
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World's Top Oil Reserves: Venezuela Leads, Saudi Arabia Key Player; Where Does India Stand?
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News18•15-03-2026, 16:03
World's Top Oil Reserves: Venezuela Leads, Saudi Arabia Key Player; Where Does India Stand?
•Venezuela holds the world's largest oil reserves (303 billion barrels), mostly extra-heavy crude, facing extraction challenges and political instability.
•Saudi Arabia ranks second (267 billion barrels) with easily extractable conventional crude, making it a global market leader and OPEC's de facto head.
•Iran (209 billion barrels) and UAE (113 billion barrels) possess significant reserves; Iran faces sanctions, while UAE diversifies its oil-dependent economy.
•Kuwait (102 billion barrels) relies heavily on oil, with most reserves in the Greater Burgan Field, the world's second-largest.
•Russia (80 billion barrels) extracts oil rapidly from Siberian fields, maintaining its position as a top producer, while India's oil reserves are very small globally.
