Energy

Top 10 List of Oil Producing Countries in the World

Total world production of the oil is 12 percent and the oil of the world will exhaust in a small number of years. Every country is endeavoring to explore more stocks of oil. It is the necessity of this age that we should curtail the requirement of oil. Nevertheless, we should attempt to take full advantage of the oil production. Here is the list of top ten oil producing countries and we converse about their manufacturing, import and export of the oil.

1. Russia

The solitary biggest oil manufacturing country in the world is Russia, having a production of 10,124,000 barrels per day. It shares 12 percent oil of the world. It has about 60 billion barrels of proved oil reserves or five percent of the world’s oil reserves.

2. Saudi Arabia

Saudi Arabia is the second biggest oil manufacturers, but produces oil less than Russia. The production of Saudi Arabia is 10,121 million barrels oil per day. It has one-fifth of the world’s established oil stocks. It is the biggest exporter of oil in the world.

3. United States

It is the third biggest oil manufacturing country producing large amounts of oil in the world. It produces 9.6 million barrel of oil per day. It shares about 11 percent oil of the world. It owns 21 billion barrels as confirmed reserves of oil.

4. China

It manufactures almost 4.27 million barrels of oil per day. It supplies five percent of oil to the world. It has about 20.3 billion barrels of proved oil reserves. It is the fifth largest provider of oil to the US. Iran supplies 11 percent of china oil imports.

5. Iran

Iran has a main function in the world oil market because its quality is exquisite. It produces about 4,172,000 bbl and 4.25 million barrels of oil per day. It exports 4.95 percent oil to the world.
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