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The desert kingdom has around 16% of the worldâs proven oil reserves and is the biggest global exporter of petroleum liquids. There is little doubt as to why its national oil company, Saudi Aramco, the biggest energy company in the world, generates over $1 billion in revenue every single day.
Qatar:- Qatarâs proven oil reserves of oil are the ninth-largest in the world, exceeding 25 billion barrels (2.5% of the OPEC total). Qatar is a member of the OPEC and is a significant oil producer.Qatar is now the worldâs largest producer of liquefied natural gas (LNG).lgeria:- Algeria has the tenth-largest reserves of oil in the world with 12 billion barrels. Algeria is the second largest crude oil producer in Africa. It domestic oil consumption accounted for about 13% of total production. But the hydrocarbons sector is the backbone of the Algerian economy.