Belarus is included in the global ranking of countries by oil reserves, although it is in the lower part of it. According to OPEC data, proven oil reserves in Belarus are estimated at 198 million barrels. This allows our country to take 41st place in the world, writes Thinktanks.pro.
Oil extracted in Zhlobin district. Photo: Nasha Niva
If we compare Belarus with its closest neighbors, Russia ranks 8th in the world with reserves of about 80 billion barrels. Ukraine also has larger reserves than Belarus: about 395 million barrels and 39th place in the world ranking. At the same time, our neighbors from EU countries did not make it into the ranking at all.
The absolute world leader in oil reserves remains Venezuela — 303.2 billion barrels, or about 17% of world reserves. This is followed by Saudi Arabia (267.2 billion barrels), Iran (208.6 billion barrels), Canada (163 billion barrels), and Iraq (145 billion barrels).
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