16 Countries With The Biggest Oil Reserves In The World in 2017

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8. Russia

Proven Reserves (billions of barrels): 80

Russia is the largest oil exporter in the world and one of the 16 countries with the biggest oil reserves in the world in 2017, with a total of 8.63 million barrels exported daily in 2016, which represented 13.2% of global oil exports. Most of its oil was exported to Europe and China. At the end of 2016, Russia’s oil rents represented 5.6% of its GDP, down from 9.5% in 2010. Rosneft is one of the largest oil producing companies in the world, with a capacity of 2.6 million barrels per day. Another one is Lukoil, which produces around 2.2 million barrels per day.

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