Learn about Iraq’s ranking of the largest oil reserves in the world
Learn about Iraq’s ranking of the largest oil reserves in the world
2/21/2021 13:05
[Baghdad-Where]
The global GFP Foundation revealed, on Sunday, its latest classification of the countries in possession of oil reserves for the year 2021.
The Corporation stated in a report today, that “Iraq ranked fifth in the world and second in the Arab world in terms of crude oil reserves,” indicating that “Iraq’s oil reserves amounted to 148 billion 800 thousand barrels, and thus it ranks fifth in the world.”
The organization explained that “Venezuela ranked first with an amount of 302 billion 300 million barrels out of 92 countries that possess oil reserves, followed by Saudi Arabia in second place with an amount of 266 billion 200 million barrels, then Canada ranked third with an amount of 170 billion 500 million barrels, followed by Iran in the fourth place with an amount of 157 Billion 200 million barrels. ”
She added, “Iraq ranked second in the Arab world after Saudi Arabia as the largest oil reserve. Kuwait comes third in the Arab world with 101 billion and 500 million barrels, and then the UAE is fourth with 97 billion and 800 million barrels.”
The organization pointed out that “Ethiopia was the country with the least oil reserves, with reserves amounting to 428 thousand barrels, preceded by Morocco 684 thousand barrels, and Jordan with only one million barrels.
alliraqnews.com
