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Straits, Canals and Passes
  1. The largest proven oil reserve of the world lies in
    1. Venezuela
    2. Saudi Arabia
    3. Iran
    4. Iraq
Correct Option: B

The largest proven oil reserve of the world lies in Saudi Arabia. Proven oil reserves in Saudi Arabia are the second largest claimed in the world, estimated to be 267 billion barrels (42 x 109 m3) (Gbbl hereafter) including 2.5 Gbbl in the Saudi-Kuwaiti neutral zone. These reserves were the largest in the world until Venezuela announced they had increased their proven reserves to 279 Gbbl in January 2011.


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