Top 10
Largest Oil Producing Countries in the
Oil is a
the most precious usable and important source of energy in the world. Oil
production means the sum of crude oil barrels extracted on daily basis through
the drilling process. Most nations have Considerably effected by the
innovations and developments in the oil market. Its need and consumption
is increasing day by day.its demand is
increasing at highest rate in all over the world. In different nations it is
produced through a process which may differ and sometimes same. different
constituents are extracted from crude oil , such as petroleum, gasoline etc
Production:
In
accordance to an estimate held by IEA in 2011 , 63% of the world’s total oil
output is obtained by the top ten largest producers which are given below:
|
Rank
|
Country
|
Production (bbl/day)
|
Share of World’s
output (Percentage)
|
|
1
|
Russia
|
10,730,000
|
12.65%
|
|
2
|
Saudi Arabia
|
9,570,000
|
11.28%
|
|
3
|
United States
|
9,023,000
|
10.74
|
|
4
|
Iran
|
4,231,000
|
4.77%
|
|
5
|
China
|
4,073,000
|
4.56%
|
|
6
|
Canada
|
3,592,000
|
3.90%
|
|
7
|
Iraq
|
3,400,000
|
3.75%
|
|
8
|
United Arab Emirates
|
3,087,000
|
3.32%
|
|
9
|
Mexico
|
2,934,000
|
3.56%
|
|
10
|
Kuwait
|
2,682,000
|
2.96%
|
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