The quantity of naturally occurring resources in the world is unevenly distributed. Some places have high distribution of a certain resource while the others are rich in the other resources. The countries with large oil reserves are often quite rich because they export the oil to earn huge quantity of capital.
The Middle Eastern countries are the ones which have huge reserves of oil and they are the major producers and exporters of oil in the world. The following is the list of the largest oil reserves countries in the world
Venezuela is the country with the largest oil reserves in the world. It has 297571 barrels of oil reserves which is the maximum.
Another country which consists of huge oil reserves is Saudi Arabia as it too has 297571 barrels of oil reserves in total. With about 175200 barrels of oil reserves, Canada is one of the largest oil reserve countries in the world.
Iran is another country which has huge quantities of naturally occurring oil reserves followed by Iraq which has 143000-147000 barrels of oil reserves. Kuwait consists of 103998-111500 barrels of oil reserves and is also a country with largest oil reserves.
Some other nations on this list are United Arab Emirates, Russia, Libya, Kazakhstan, Nigeria and Qatar.