Geography PYQ 493 of 587 · The Minerals · Petroleum

Which country has the largest reserves of oil?

  1. AUnited States
  2. BChina
  3. CRussia
  4. DVenezuela
  5. ENone of the above/More than one of the above

60th to 62nd B.P.S.C. (Pre) 2016

Show answer and explanation

Correct answer: (d) Venezuela

Explanation

According to the 59th OPEC Annual Statistical Bulletin, 2024, in the year 2023, the largest proved reserves of crude oil were in Venezuela, amounting to 303,008 million barrels. Venezuela possessed about 19.31% of the world’s total crude oil reserves.

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