Top 10 Largest Oil Producing Countries in 2015

By | April 8, 2015

Oil is one of the most important commodities in the world. It is an import source of energy in the world because it is precious and there are a lot of applications that depend on it. Oil is not distributed uniformly all over the world. According to a study conducted by IEA, the top 10 oil producing countries contribute more than 63% of the worldwide demand of oil.

In this article, we are going to mention the top 10 largest oil producing countries in 2015. These numbers keep changing on yearly basis. In the list of top 10 largest oil producing countries in the world in 2014, Kuwait was on 10th place, but this year, it is on 11th place. Following list of top ten largest oil producing countries is based on Wikipedia’s list of countries by oil production.

 

Largest Oil Producing Countries in 2015

largest oil producing countries in 2015

 

  1. Mexico

Mexico is currently the 10th largest oil producing country in the world 2015. Mexico produces about 2,934,000 barrels of oil per day. This production contributes to 3.56% of the total oil production in the world. With the rising economy of Mexico, Kuwait will find it hard to replace it in the upcoming years as well.

  1. Venezuela

Venezuela produces about 3,023,000 barrels of oil per day and is one of the top 10 largest oil producing countries in the world right now. The oil produced by Venezuela accumulates about 3.56% of the total oil production in the world. Venezuela is also said to have the largest oil reserves in the world which means that its production will rise in the future.

  1. United Arab Emirates (UAE)

United Arab Emirates or UAE is also one of the biggest oil producing countries in the world ranked at number 8. UAE oil production is 3,087,000 barrels per day which gives it 3.32% share of the world’s oil production. UAE has been an important part of the total oil production in the world since the 90s and continues to maintain a strong position in the list of top 10 largest oil producing countries in the world 2015.

  1. Iran

Iran produces approximately 3,518,000 barrels per day and its share in the total oil production in the world is 4.14%. Due to various EU sanctions and other restrictions put on Iran due to its nuclear program, the oil production has slowed down and so is the oil exports as well but it still remains as the 7th biggest oil producing country in the world in 2015.

  1. Iraq

Iraq holds the number 6 spot in the top ten biggest oil production countries in the world in 2015. It is currently contributing about 4.45% to the total oil production in the world. Iraq’s oil production is 3,800,000 barrels per day. Iraq is still going through post war crisis and because of that, the production has slowed down over the past few years but the situation is getting better now and it is expected that Iraq will soon be recognized as the top 3 largest oil producing countries in the world.

largest oil producing countries in 2015

  1. Canada

Some of you might not have expected Canada to be in the list and that too right in the middle of it but it is there as it produces 3,856,000 barrels of oil per day which helps in meeting the demand of oil in the world. Canada holds a share of 4.54% in the total oil produced in the world.

  1. China

China also belongs in the list of top 10 largest oil producing countries in 2015. The current oil production numbers of China are 4,372,000 barrels per day which gives it a fair share of 5.25% of the total production of oil in the world.

  1. United States (US)

United States of America or USA currently is the 3rd largest oil producing country in the world. Its production is more than twice of what China is producing with a total of 9,020,000 barrels of oil per day. US have a 12.23% share in the overall oil production in the world.

  1. Saudi Arabia

Saudi Arabia is currently the biggest oil producing country in the Middle East. It is also the 2nd largest oil producing country in the world this year. With a total production of 9,693,200 barrels per day, Saudi Arabia contributes about 13.09% to the total oil produced in the world.

  1. Russia

Russia is the largest oil producing country in the world in 2015. Its current production reaches to 10,590,000 barrels of oil per day which helps in delivering 14.05% of the total oil needed the world. Even though Russia faced its biggest financial crisis in over a decade earlier this year, it still is at the number 1 spot in the list of top 10 biggest oil producing countries in the world 2015.

 

 

saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.
READ  Top 10 Strongest Armies in the World 2015

One thought on “Top 10 Largest Oil Producing Countries in 2015

Leave a Reply

Your email address will not be published. Required fields are marked *