Top 5 Oil Producing Countries in 2023

In this article, we are going to look at the top 5 oil producing countries in 2023. If you want to read more about top oil producing countries and check out our detailed analysis of the global oil and gas industry, you can go to Top 30 Oil Producing Countries in 2023.

5. Iraq

Oil Production: 4,520,000 Barrels Per Day

Market Share: 4.8%

Producing around 4.52 million barrels per day, Iraq ranks among the top 5 oil producing countries in 2023. While being home to some of the largest oil reserves in the world, Iraq depends heavily on its oil industry and oil exports.