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Tuesday, January 21, 2014

10 Largest Oil Producing Countries around the World



Oil is the most important commodities these days around the whole world. It is very functional source of energy and its fabrication extracted in a raw form on a daily basis by heavy machinery. Oil is playing its key role in our standard of living in which transport is the largest part of using and heavy industries required either the most.


Graph is Showing Millions of Production By Country 
Top 10 Oil Producing Countries

Some major countries are involved in import and export of oil in a huge quantity to let them generate revenue for their government. Its demand and supply increasing day to day because no country in the world has not the need of oil. Some are producing by their own resources and some are exporting to those whom are not able to produce as they required for their transportation, Industries and others. 

Importance of oil can’t denied and it is called “Black Gold” by its worth. Top producers of oil countries are listed below.


Rank
Country
BBL Production Per / Day
Share of Production %


1
Russia
 10,730,000   12.65 %
2
Saudia Arabia
  9,570,000   11.28 %
3
United States
  9,023,000   10.74 %
4
Iran
  4,231,000   4.77 %
5
China
  4,073,000   4.56 %
6
Canada
  3,592,000   3.90 %
7
Iraq
  3,400,000   3.75 %
8
United Arab Emirates
  3,087,000   3.56 %
9
Venezuela
  3,023,000   4.74 %
10
Mexico
  2,934,000   3.56 %


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