Business

Top 10 Crude Oil Exports by Country in the world

Top crude oil exports by country

In this article, you will get to know about Top crude oil exports by country. Oil is a most useful and very high demanding liquid in the world which is used to start a vehicle engine or any other machines.

crude oil

A list of Top crude oil exports by country is showing you to analyze the richness of the country.

Everyone knows that all the vehicles are running on the road which consumes fuel.

Oil is at number 2 in the list of largest exporting product, the global value of all export products is 4.3%.

Crude Oil Exporting Countries Methods

  • Road Tankers through borders
  • Sea ships through ports
  • Pipeline with performance tracking system
  • Railway transportation

List of Top crude oil exports by country

10  Norway

9   Angola

8   Nigeria

7   Iran 

6   Kuwait

5   The United Arab Emiratis

4   Canada

3    Iraq

2   Russia

1   Saudi Arabia

Description

10 Norway [Net worth $22.6 billion + Oil Export 1,602,200 bbl/day]

  • When we see the history of Norway during the late 1960s the gas exports has play the vital role to the growth of Norway economy with North Sea oil production to the global market.
  • Norway is a European country and it is at  number 10 position in the list of Top crude oil exports by country
  • Norway exports 1,602,000 Barrels per Day with a worth rate is $22.6 Billion.

9  Angola [Net worth $25.2 billion + Oil Export 1,645,000 bbl/day]

top crude oil exports by country

Angola is officially called Republic of Angola which is the seventh largest country in South Africa.

Angola exports1, 645,000 Barrels per Day with a net worth of $25.2 billion this country is at number 9 in the list of crude oil export by country.

 8  Nigeria [Net worth $27 billion + Oil Export 1,928,000 bbl/day]

The Federal Republic of Nigeria is commonly known as Nigeria and it is a largest continent of Africa.

The petroleum industry contributes more than 9% to its economy, this country is at number 8  in the list of Top crude oil exports by country.

This country export 1,928,000 Barrels per Day with a net worth of $27 billion.

7  Iran [Net worth $29.1 billion + Oil Export 2,142,00 bbl/day]

Iran is a Middle East country also called as energy superpower country which plays a vital role in petroleum industry.

Iran produced 5.1 percent of the world’s total crude oil and exports 2, 142, 00 Barrels per Day with a net worth of $29.1billion

6 Kuwait [Net worth $30.7 billion + Oil Export 2,341,000 bbl/day]

top crude oil exports by country

Kuwait is the largest country in petroleum industry which produced more than 104 billion barrels and ranks at fourth position in crude oil production

Kuwait export 2,341,000 Barrels per Day with a net worth of $30.7 billion

5  U.A.E [Net worth $38.1 billion + Oil Export 2,390,000 bbl/day]

UAE export 2,390,000 Barrels per Day with a net worth of $38.9 billion

4 Canada [Net worth $39.3 billion + Oil Export 2,445,000 bbl/day]

Canada exports 2,445,000 Barrels per Day with a net worth of $39.3 billion

3 Iraq [Net worth $43.6 billion + Oil Export 2,750,000 bbl/day]

Iraq is on number three position in the list of crude oil export by country.

Iraq export 2,750,000 Barrels per Day with a net worth of $43.6 billion

2 Russia [Net worth $73.1 billion + Oil Export 4,720,000 bbl/day]

Russia is the largest country by area and second most crude oil exporting country in the world.

Russia export 4,720,000 Barrels per Day with a net worth of $73.7 billion

1 Saudi Arabia [Net worth $136.2 billion + Oil Export 4,720,000 bbl/day]

Saudi Arabia is the king of oil exporting countries they export world’s total 20.1 percent oil that is the cause Why Saudi Royal family is the richest family in the world.

Petroleum is a black gold for Saudi Royal family. In the year 1933, Ibn Saud approached by the California oil company to drill.

List of top crude oil exports by country with their net worth

  1. Saudi Arabia: US$136.2 billion (20.1% of total crude oil exports)
  2. Russia: $73.7 billion (10.9%)
  3. Iraq: $46.3 billion (6.8%)
  4. Canada: $39.5 billion (5.8%)
  5. United Arab Emirates: $38.9 billion (5.7%)
  6. Kuwait: $30.7 billion (4.5%)
  7. Iran: $29.1 billion (4.3%)
  8. Nigeria: $27 billion (4%)
  9. Angola: $25.2 billion (3.7%)
  10. Norway: $22.6 billion (3.3%)
Rank ExporterNet worth World total
1Saudi Arabia$136.2 billion20.1%
2Russia$73.7 billion10.9%
3Iraq$46.3billion6.8%
4Canada$39.5 billion5.5%
5UAE$38.9 billion5.8%
6Kuwait$30.7 billion4.5%
7Iran$29.1 billion4.3%
8Nigeria$27 billion4.0%
9Angola$25.2 billion3.7%
10Norway$22.6 billion3.3%

 

Related Articles

4 thoughts on “Top 10 Crude Oil Exports by Country in the world”

    1. Thanks For your appreciation if you think our articles are helpful to you then share with your friends,and family stay tuned for more updates

Leave a Reply

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

Close