16 Countries with the Largest Proven Oil Reserves in the World

2. Saudi Arabia 

Total Proven Oil Reserves: 267.23 billion barrels

Saudi Arabia is the Largest Crude Oil Exporter in the World, with the state-owned Saudi Aramco producing around 9 million barrels per day. In July, KSA’s energy minister announced a new discovery of seven oil and gas deposits in the kingdom’s Eastern Province and Empty Quarter, contributing significantly to its long-term strategic goals in the energy sector.

With total proven reserves of over 267 billion barrels, Saudi Arabia is the Asian Country with the Most Oil Reserves in 2024.