Explanation

• Venezuela has the largest proven oil reserves in the world.

Additional information:

1. Venezuela – ~303 billion barrels
2. Saudi Arabia – ~267 billion barrels
3. Iran – ~209 billion barrels
4. Canada – ~163 billion barrels
5. Iraq – ~145 billion barrels

Last verified on 20-07-2026

Explanation

• Country: China
• Founded: 2000
• Headquarters: Beijing
• Industry: Oil & Gas / Petrochemicals
• Ownership: State-owned enterprise

Last verified on 21-04-2026

Explanation

Top 10 Oil Exporting Countries:

1. Saudi Arabia
2. Russia
3. Iraq
4. United Arab Emirates (UAE)
5. Kuwait
6. Iran
7. Nigeria
8. Angola
9. Qatar
10. Venezuela

Explanation

Europe reduced dependence on Russian energy by increasing use of renewables like wind and solar.

Some countries expanded or reopened nuclear energy sources.

LNG imports from the U.S., Qatar, and others also surged to meet energy demand.

Explanation

Masjid-e-Suleman is an oil field in Iran.

It is one of the oldest and most important oil fields in Iran.

It discovered in the early 20th century.

Explanation

The US is the largest producer of natural gas in the world.

It accounting for 32% of global primary energy consumption.

Russia is the second-largest producer.

The top 10 natural gas producers account for about 73% of total global production:

• 1. United States  
• 2. Russia  
• 3. Iran  
• 4. China  
• 5. Qatar  
• 6. Canada  
• 7. Australia  
• 8. Saudi Arabia  
• 9. Norway  
• 10. Algeria

Explanation

The United States is the largest oil producer, followed closely by Saudi Arabia and Russia.

Canada is also a significant oil producer, with the majority of its production coming from the oil sands in Alberta.

United States: 18.60 mb/d

Saudi Arabia: 11.01 mb/d

Russia: 10.50 mb/d

Canada: 5.29 mb/d

Additional information

OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence.

This was moved to Vienna, Austria.

It was founded on September 1, 1965.

Explanation

Kazakhstan has the largest reserves of oil among Central Asian countries, particularly in the Caspian Sea region.

World's largest oil reserves are found in Venezuela, followed by Saudi Arabia.

Explanation

• According to the United States Energy Information Administration (EIA), Russia has the largest natural gas reserves in the world.
• With an estimated 1,688 trillion cubic feet (47.8 trillion cubic meters) as of 2020.

Explanation

Renewable energy often referred to as clean energy, comes from natural sources or processes that are constantly replenished. These resources cannot be exhausted. They include Solar Energy, Wind Energy, Biomass Energy, Geothermal Energy, and Hydro Energy.