Frequent question: Does Guyana have more oil than Saudi Arabia?

The jump in growth is attributed to the fact it began oil production in December 2019. Guyana is looking to tap its natural resources, as it has the highest amount of oil reserves per capita – while Saudi Arabia has 1900 barrels per person, Guyana has 3900 barrels per person.

How much more oil does Saudi Arabia have?

Oil Reserves in Saudi Arabia

Saudi Arabia holds 266,578,000,000 barrels of proven oil reserves as of 2016, ranking 2nd in the world and accounting for about 16.2% of the world’s total oil reserves of 1,650,585,140,000 barrels. Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption.

Is Saudi Arabia the highest consumer of oil?

Source: International Energy Statistics, Total oil (petroleum and other liquids) consumption, July 26, 2021.

What countries are the top producers and consumers of oil?

Country Million barrels per day Share of world total
Saudi Arabia 10.82 11%
Russia 10.50 11%
Canada 5.26 6%
China 4.93 5%

Who is the biggest exporter of oil?

Searchable List of Crude Oil Exporting Countries in 2020

Rank Exporter Crude Oil Exports (US$)
1. Saudi Arabia $113,748,793,842
2. Russia $72,564,294,000
3. Iraq $50,828,799,000
4. United States $50,285,962,000
IT IS INTERESTING:  Why are tickets to South America so expensive?

How much crude oil is left in Saudi Arabia?

Saudi Arabia’s National Day

Population (million inhabitants) 34.22
Current account balance (million $) 46,949
Proven crude oil reserves (million barrels) 258,600
Proven natural gas reserves (billion cu. m.) 9,423
Crude oil production *(1,000 b/d) 9,808.2

How long will oil last in the world?

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Who is the richest oil company?

List of largest oil and gas companies by revenue

Country Company Name Revenue 2017 (US$ billion)
Saudi Arabia Saudi Aramco 314.4
Netherlands UK Royal Dutch Shell 265
China China National Petroleum Corporation 299.1
United Kingdom BP 222.8

Which country uses the least oil?

Iceland is the country least dependent on fossil fuels in the world.

Countries Least Dependent On Fossil Fuel Sources For Energy Needs.

Rank Country Alternative And Nuclear Energy (% of total energy use)
1 Iceland 89.0
2 Tajikistan 64.1
3 Sweden 48.5
4 France 47.0