16 Countries With The Biggest Oil Reserves In The World in 2017

Page 9 of 17

9. Libya

Proven Reserves (billions of barrels): 48.36

Last year, Libya’s petroleum exports amounted to $9.31 billion, versus total exports of $11.99 billion. However, in the last couple of years, the country’s oil exports declined from $60.19 billion registered in 2012. The country has been an OPEC member since 1962. It produced 426,000 barrels of oil per day in 2016 and has 17 active rigs as of last year.

libya, benghazi, civil, people, mosque, building, war, libyan

thomas koch / Shutterstock.com

Page 9 of 17