5 Largest Oil Reserves by Country in the World in 2021

In this article we are going to list the 5 Largest Oil Reserves by Country in the World in 2021. For a detailed coverage of this topic and a more comprehensive look please head on over to the 11 Largest Oil Reserves by Country in the World in 2021.

5. Iraq

Total oil reserves of the country at the end of 2019 (in thousand million barrels): 145

Share of total oil reserves in the world at the end of 2019 (in percentage terms): 8.4

If you’re a small country with not much resources and vast reserves of oil, you’d do well to be on the lookout for the United States to suddenly drum up reasons to invade and gain control of the oil supply. The 2003 Invasion of Iraq took place purportedly because Saddam Hussein had weapons of mass destruction, but after the deaths of thousands, no such proof was ever found.

QiuJu Song/Shutterstock.com