What country produced the most oil in 2012?

Oil Production in Nigeria Nigeria produces 1,938,542.73 barrels per day of oil (as of 2016) ranking 15th in the world. Nigeria produces every year an amount equivalent to 1.9% of its total proven reserves (as of 2016).

What country produced the most oil in 2012?

Saudi Arabia
Saudi Arabia holds first place in global oil production ranking, with 547 million tonnes produced in 2012.

Where does Nigeria rank in oil production?

Oil Production in Nigeria Nigeria produces 1,938,542.73 barrels per day of oil (as of 2016) ranking 15th in the world. Nigeria produces every year an amount equivalent to 1.9% of its total proven reserves (as of 2016).

What are the top 10 oil reserves in the world?

Here are the 10 countries with the most oil reserves:

  • Venezuela (300.90 Bn)
  • Saudi Arabia (266.50 Bn)
  • Canada (169.70 Bn)
  • Iran (158.40 Bn)
  • Iraq (142.50 Bn)
  • Kuwait (101.50 Bn)
  • United Arab Emirates (97.80 Bn)
  • Russia (80.00 Bn)

Who has the biggest oil reserve in the world?

Venezuela
Oil Reserves by Country

# Country Oil Reserves (barrels) in 2016
1 Venezuela 299,953,000,000
2 Saudi Arabia 266,578,000,000
3 Canada 170,863,000,000
4 Iran 157,530,000,000

What countries produce the most barrels of oil in 2012?

Iran was the fourth largest producer of petroleum with about 4 million barrels per day. The United States’ neighbors Canada and Mexico also ranked within the top 10 petroleum-producing countries….Supporting Information.

Country Million Barrels per Day
Saudi Arabia 11.1
Russia 10.2
United States 9.0
Iran 4.2

Where is Nigeria’s oil?

The most productive region of the nation is the coastal Niger Delta Basin in the Niger Delta or “South-south” region which encompasses 78 of the 159 oil fields. Most of Nigeria’s oil fields are small and scattered, and as of 1990, these small unproductive fields accounted for 62.1% of all Nigerian production.

Is Nigeria oil rich?

Nigeria – the largest oil producer in Africa, the sixth-largest global exporter, holds the tenth-largest proven oil reserve in the world – is arguably such a “cursed” nation.

How many years of oil reserves are left in the world?

about 47 years
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Who controls Nigeria’s oil?

There are six petroleum exportation terminals in the country. Shell owns two, while Mobil, Chevron, Texaco, and Agip own one each. Shell also owns the Forcados Terminal, which is capable of storing 13 million barrels (2,100,000 m3) of crude oil in conjunction with the nearby Bonny Terminal.

How many oil reserves does Nigeria have?

Oil reserves in Nigeria. Jump to navigation Jump to search. Although Libya has more reserves, there were 37.2 billion barrels (5.91×10^ 9 m 3) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362×10^ 3 m 3/d) in 2006.

Who are the largest oil companies in Nigeria?

Most of the largest oil companies operating in Nigeria are from the United States and Europe. For instance, the multinational oil and gas producer ExxonMobil produced 150 thousand barrels of liquids per day in Nigeria in 2020.

How much gas does Nigeria have in the world?

Gas Reserves in Nigeria. Nigeria holds 187 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 9th in the world and accounting for about 3% of the world’s total natural gas reserves of 6,923 Tcf. Nigeria has proven reserves equivalent to 306.3 times its annual consumption.

Which country has the largest oil reserve in Africa?

Libya has the largest oil reserves in Africa, and the tenth largest globally. It has the potential to have a greater reserve of fossil fuel than we currently know of, as it remains largely unexplored as a result of past sanctions against foreign oil companies.