Special Report

15 Countries That Control The World’s Oil

Source: mtcurado / iStock Unreleased via Getty Images

15. Algeria
> Proved oil reserves: 12.2 billion barrels
> Reserves as a share of world total: 0.7%
> 2020 oil production: 1.3 million barrels per day
> 2020 GDP per capita: $11,268
> 2020 oil exports as pct. of GDP: 14.4%

Source: typhoonski / Getty Images

14. Qatar
> Proved oil reserves: 25.2 billion barrels
> Reserves as a share of world total: 1.5%
> 2020 oil production: 1.8 million barrels per day
> 2020 GDP per capita: $89,949
> 2020 oil exports as pct. of GDP: 16.9%

Source: LeeYiuTung / Getty Images

13. China
> Proved oil reserves: 26.0 billion barrels
> Reserves as a share of world total: 1.5%
> 2020 oil production: 3.9 million barrels per day
> 2020 GDP per capita: $17,312
> 2020 oil exports as pct. of GDP: 0.4%

Source: HHakim / Getty Images

12. Kazakhstan
> Proved oil reserves: 30.0 billion barrels
> Reserves as a share of world total: 1.7%
> 2020 oil production: 1.8 million barrels per day
> 2020 GDP per capita: $26,729
> 2020 oil exports as pct. of GDP: 13.8%

Source: Karo Kes / Getty Images

11. Nigeria
> Proved oil reserves: 36.9 billion barrels
> Reserves as a share of world total: 2.1%
> 2020 oil production: 1.8 million barrels per day
> 2020 GDP per capita: $5,187
> 2020 oil exports as pct. of GDP: 7.4%

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.