Top 10 - Proven Oil Reserve Countries
This is a list of countries with proven reachable oil reserves in billions of barrels, and is a rough estimate based on the ability to recover the oil by current technological and economical means.Saudi Arabia - 262Saudi Arabia is the largest exporter of petroleum in the world, and plays a leading role in OPEC, which stands for The Organization of the Petroleum Exporting Countries; an international organization made up of eleven oil producing nations.Canada - 180Canada's Athabasca Oil Sands Project is what puts Canada on the map in this list. Current surface mining techniques and in-situ methods to extract bitumen from the oil sands make for an overwhelmingly positive future for Canada's oil industry.Iran - 126Iran's economy relies heavily on oil export revenues, and as oil prices rise, Iran's economy improves. Iran is in the process of diversifying by investing some of it's oil reserves into other areas, such as petrochemicals; and is in the process of creating more favorable climates for foreign investment.Iraq - 115According to oil industry experts, new exploration may raise Iraq's reserves up to 300 billion barrels. This has created global foreign interest to re-establish within the country. The US, UK, France, China, Russia, and Japan all vie for major concessions complicated by unrest in the post-Saddam Hussein era.Kuwait - 102Though the loss has been estimated at 2% of total oil reserves, Kuwait has recovered fully from the invasion of Iraq.
The KPC, or Kuwait Petroleum Corporation, has grown to become one of the ten largest oil companies in the world.U.A.E. - 98At one time an underdeveloped region, by 1985 the United Arab Emirates had the highest per capita income in the world. The largest areas of petroleum production occur in two of the seven constituent parts of the UAE; these being Dubai and Abu Dhabi. Abu Dhabi qualifies as a oil state in the same sense as Kuwait.Venezuela - 77Venezuela is the fifth largest oil exporter in the world, and a founding member of OPEC. Oil output has been hampered at times due to protest and controversy, but the country remains an active contributor to the world supply of oil.Russia - 60Russia has the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves.
The country is the world's largest exporter of natural gas and the second largest oil exporter. Reorganization of the Russian Energy Sector has shown improvements in the industry over the last few years.Libya - 39Though sanctions against Libya had been removed by United States President Bush and also by The United Nations, some Libyan authorities caution foreign optimism about prospects in the country's socialist driven economy. Nonetheless, the removal of sanctions allows Libya to drive forward.Nigeria - 35Nigeria is the largest oil producer in Africa, and is a major oil supplier to both the United States and Western Europe. Proven oil reserves are expected to be expanded to 40 billion barrels by the year 2010..
Austin Culley is the Vice President of Oil-Net.Com Inc.http://www.oil-net.comChoose The Best Essential Oil Manufacturer To Get Quality Oils
When you go out in the market for purchasing skin or hair creams, you come across several brand names. However, before you take the creams on the name, you must know what part of the cream has been actually manufactured by the branded company. You will be shocked to know that certain companies only market the products. The manufacturer often remains in the dark.
In this article, we will talk about essential oil manufacturers, who often are not the ones in whose name the oil is sold. We will also discuss certain concerns associated with essential oil manufacturers.
Essential oil manufacturers are the ones who source the raw materials for the extraction of essential oils.
The process of extraction of essential oils is often a complex one. The essence of the plant is taken out from its different parts, namely flower, stem, leaves, bark etc.
The manufacturers are the ones on whom the responsibility of ensuring quality rests the most. This...
Oil prices > Choose The Best Essential Oil Manufacturer To Get Quality Oils
Residential Heating Oil - Full Service vs. C.O.D.
I've read many articles on the internet and in trade publications indicating the price cycle of crude oil may extend over several years, responding to consumer demand along with OPEC and non OPEC supply issues. This is important information that residential oil consumers must take into account when choosing a fuel oil dealer.Omni Marketing Services is a contract telemarketing company that works with residential oil companies on a business to consumer level. We have noticed a trend within the last six months of an increased number of C.O.D. oil consumers migrating to Full Service, looking for price protection in the form of a capped or fixed price on their oil.As we approach mid-winter we can expect oil prices to spike as oil supply falls short. Consumers that have locked into a price protection plan will save a substantial amount of money over the course of the heating season.There are many advantages in doing business with a Full Service Oil Dealer :1.
With a Full Service Dealer...
Residential Heating Oil - Full Service vs. C.O.D.
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