The eight largest oil producing countries

United State

The United States is the world's most oil-producing country, according to 2017 statistics, as it produces approximately 14.86 million barrels per day, and thus produces 15.3% of the world's total oil production. In 2012, the United States ranked second after its superiority over Russia. In 2013, it ranked first after surpassing Saudi Arabia.

Kingdom of Saudi Arabia

Saudi Arabia ranks second after the United States in oil production; As it produces 12.39 million barrels per day, which constitutes 12.7% of the world’s total oil production, according to the statistics of the year 2017 AD, and thus the Kingdom of Saudi Arabia is the only country among the members of OPEC, which is the Organization of Petroleum Exporting Countries, which produces a large amount of it, despite attempts The government's many efforts to diversify the country's economy; However, oil production remained the basis of its economy. Oil production represents 42% of the country's gross domestic product and 87% of budget revenues. There are many oil fields in Saudi Arabia. Ghawar, Safaniya, Qatif, Abqaiq, and others.

روسيا

Despite the decrease in Russia’s production compared to previous years, it is still one of the most oil-producing countries. In 2016, it produced about 11.6% of the world’s total oil production, and it ranked third among the largest oil-producing countries in 2017.

Canada and China

Canada and China competed for the fourth and fifth places in terms of oil production; China ranked fourth in 2016 AD, followed by Canada, but the situation changed and turned in favor of Canada in 2017 AD, to occupy the fourth place with its production of 5.09% of the total oil production in the world, and to place China in the fifth place, after it produced 4.88% of the world's total output. For oil, the majority of China's domestic production comes from the northeastern and north-central regions, and the Daqing field is one of the oil fields that have been exploited since the sixties of the twentieth century.

As for Canada, researchers expect that its production will increase to approximately 1.26 million barrels per day by 2040 AD, so that the source of this increase is the oil sands located mainly in the Alberta region in western Canada, and the fields of the Atlantic Ocean.

Iran and Iraq

It is estimated that the countries of the Middle East have oil resources of more than 100 billion barrels. Together, they constitute 23% of the world’s total oil reserves. All oil fields in the Middle East are concentrated in the Iranian Arab Basin, and according to 2017 statistics, Iran ranked sixth. after China in terms of total oil production; It produced 4.76% of the world's total oil production, and thus it overtook the State of Iraq to make it the seventh with its production of approximately 4.55% of the world's total oil production.

United Arab Emirates

In 2017, the United Arab Emirates ranked eighth in terms of the world's total oil production; This is after it produced 3.80% of the world's total production output, which is approximately 3,720.5 barrels per day of oil.

Ranking of countries according to their oil reserves

The arrangement of countries in terms of oil reserves differs from the arrangement of oil-producing countries. The following is a table of the largest countries in the world in terms of oil reserves: