Large gasoline producer
Venezuela Venezuela is an important oil producer and exporter in the world. According to its daily consumption of 746,000 barrels, its storage capacity can be used for 775 years without considering other consumption growth factors such as exports.
Saudi Arabia has the largest oil reserves in the world, and 90% of its economy comes from exporting petroleum fuels. It is a veritable oil kingdom.
Canada's oil reserves are among the highest in the world, but many people only think of the Middle East when they talk about oil. In fact, for the sake of protecting natural resources, Canada has not exploited much oil.
Iran Iran is the fourth largest oil producer in the world and the second largest oil exporter in the Organization of Petroleum Exporting Countries. Its national industry is dominated by oil exploitation, and the lifeline of the national economy and foreign exchange are also dominated by oil. It can be said that oil income accounts for more than half of Iraq's total foreign exchange income.
Iraq Iraq is rich in oil resources. Crude oil reserves rank fourth in the world. In Iraq, oil is the economic pillar of the country, and industry is mainly related to oil. 70% of natural gas is related to oil.