5 Countries That Produce the Most Oil In The World

In this article, we are going to look at the 5 countries that produce the most oil in the world. If you want to read more about the top oil producing countries and read our detailed analysis of the oil and gas market, you can go to 20 Countries That Produce the Most Oil In The World.

5. Iraq

Oil Production: 4,520,000 Barrels Per Day

Market Share: 4.8%

Iraq ranks among the top 5 countries that produce the most oil in the world. It is home to some of the world’s largest oil reserves. According to recently reported data, Iraq produces 4.52 million barrels of oil per day. Iraq relies heavily on oil production and it is also a major exporter of oil.