Even a child is familiar with the term "black gold" today. Possession of high oil reserves and supplied oil production have allowed many countries to literally step out of poverty into a new life. Thus, the well-being of such countries as Kuwait, the United Arab Emirates and Saudi Arabia has been "grown" almost entirely on oil.
Today we present ranking of countries in the world for oil production... Taking into account the fact that the United States has actively taken up the increase in the production of "black gold", Russia's first place next year is likely to be in question.
10.UAE (960 million barrels per year)
The Emirates are systematically reducing the volume of oil production and the share of the oil sector in the country's economy. The state is actively developing trade, re-export and tourism. However, the share of the oil and gas industry in the UAE's GDP is just under 25%.
9. Kuwait (1 billion barrels)
In the 1960s, it was oil that gave Kuwait freedom from British influence. About 9% of the world's oil reserves are located in the country. The share of the oil sector in GDP exceeds 50%, and 95% of exports are crude oil and refined products.
8. Mexico (1.1 billion barrels)
Mexico accounts for approximately 3% of global oil production. Due to its underdeveloped refining industry, Mexico exports crude oil and at the same time imports petroleum products, purchasing them from the United States.
7.Iran (1.1 billion barrels)
About 45% of the country's budget revenues come from oil sales. The main buyers of Iranian oil are China, India, Japan, Turkey, South Korea and Italy.
6. Iraq (1.1 billion barrels)
Two state-owned companies, North Oil and South Oil Company, are developing oil fields in the country. Oil exports provide 98% of Iraqi budget revenues. In comparison with last year's rating, Iraq has moved up 2 lines, increasing the rate of oil production.
5. Canada (1.4 billion barrels)
Canada accounts for almost 5% of the world's oil production. The developed processing industry allows Canada to completely abandon the import of petroleum products, providing its own needs on its own.
4. China (1.5 billion barrels)
Despite the fact that the growth of the Chinese oil industry is almost 3% per year, the country imports oil, purchasing it mainly from countries such as Iran and Iraq. China accounts for 5.1% of the world oil production market.
3. Saudi Arabia (3.6 billion barrels)
Saudi Arabia's share in world oil production is almost 12%. The growth rate is over 5% per year, which is an impressive indicator. Meanwhile, from the second line of last year's rating, Saudi Arabia was ousted by the United States.
2. USA (3.7 billion barrels)
The states are showing the most impressive growth in the oil industry - almost 11% in a year. Today, the country accounts for 12.2% of the global production of "black gold".
1.Russia (3.8 billion barrels)
It is more and more difficult for Russia to maintain its leadership in oil production. The country lacks reserves for a qualitative increase in production, so the growth is only 1.3% per year. If this rate of growth is maintained, in a year Russia will be on the third line of the rating, behind the United States and Saudi Arabia.