venezuela has the world's largest oil reserves.
venezuela has the world's largest oil reserves.
who has the world's largest oil reserves?
venezuela
alberta is canada's largest oil producing province, providing 79.2% of canadian oil production in 2015. this included light crude oil, heavy crude oil, crude bitumen, synthetic crude oil, and natural-gas condensate. in 2015 alberta produced an average of of canada's of oil and equivalent production. most of its oil production came from its enormous oil sands deposits, whose production has been steadily rising in recent years. these deposits give canada the world's third largest oil reserves, which are rivaled only by similar but even larger oil reserves in venezuela, and conventional oil reserves in saudi arabia. although alberta has already produced over 90% of its conventional crude oil reserves, it has produced only 5% of its oil sands, and its remaining oil sands reserves represent 98% of canada's established oil reserves.
petroleum industry in canada
kazakhstan has estimated 30 billion barrels of oil reserves. with 172 oilfields, kazakhstan possesses 3% of global oil reserves, putting it among the world's top 15 countries in terms of oil reserves. the main reserves are in five largest onshore oil fields of tengiz – the largest oil producing field with 565,000 barrels per day of crude in 2011 - karachaganak, aktobe, mangistau, and uzen, all of which are located in the western part of the country. these hold half of current proven reserves. the offshore fields of kashagan and kurmanagazy in the caspian sea are estimated to hold minimum 14 million barrels. with 9 – 11 billion barrels, kashagan is the largest oil field outside of the middle east. it is estimated to come on stream in 2016 and reach production of 1.5 million barrels per day at its peak. kazakhstan is a major oil producer with an estimated total production of 1.64 million barrels per day in 2013. the country consumes around 13 per cent of the supply domestically and exports the rest to major oil markets. to continue expanding the liquids production above its current levels, the country needs to develop its tengiz, karachaganak, and kashagan fields as well as add export capacity.
energy in kazakhstan