Resources

Geography and Environment (RAS)

Title

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Indian Economy - Understanding the basics of Indian economic system

The largest proven oil reserve of the world lies in

Venezuela

Saudi Arbia

Iran

Iraq

Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.

That is a 17.5% share of the entire global resource, and in 2011 the country surpassed Saudi Arabia to top worldwide list.