OPEC: Iraq has the fourth largest oil reserves in the world
economic Last update 06/29/2022 | 11:11 am
The Organization of the Petroleum Exporting Countries announced, on Wednesday, that Iraq possesses the fourth largest proven oil reserves in the world.
The organization stated in a report, that "the proven crude oil reserves in the world amounted to 1.545.071 trillion barrels at the end of 2021," indicating that
"OPEC's share of these reserves amounted to 1,241.819 trillion barrels."
And it added that
"Iraq ranked fourth globally in the largest proven reserves in the world, with 145.019 billion barrels, after
Venezuela, which came first, with 303.468 billion barrels, while
Saudi Arabia came second, with 267.192 billion barrels, and
Iran came third with 208.600 billion barrels."
The organization indicated that
“the countries of the Middle East have the largest reserves in the world, with 869.612 billion barrels, thanks to the reserves of Saudi Arabia, Iran, Iraq, Kuwait and the UAE, while
Latin America came second, with 329.481 billion barrels, thanks to the reserves of Venezuela, while
Africa came third, with 120.210 billion barrels, thanks to Libya.” and Nigeria.” finished/25