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Radio Quiz 1: Backbone of the Global Economy
Saudi
Arabia has proven oil reserves of 264 billion
barrels the largest of any country.
Although the extent of the Saudis' oil supply
is no real secret, the country with the
second-largest proven oil reserves is much
less well-known.
Which country has the world's second-largest reserves?
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A.
Russia
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B.
Iran
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C.
Iraq
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D.
United States
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And
the answer is, believe it or not, D. Iraq
holds proven oil reserves of more than 112
billion barrels the world's second-largest
after Saudi Arabia. Iraq's proven oil resources
represent about 11% of the world's total.
According to estimates, Iraqi territory
contains another 220 billion barrels of
so-called "probable" and "possible"
oil resources. But after decades of war
and sanctions, the country is still relatively
unexplored. So Iraq's true resource potential
may be far greater than anyone has so far
imagined.
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137
words
©
The Globalist
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