Question

Nearly 60 percent of the world's mineral oil is found in___________
reservoir​

Answer 1

Explanation:

➡ More than half of the world's proven oil reservoir are located in the Middle East ..

◾ Iran but not North Africa...

◾ Canada

◾ United States

◾ Latin America

➡ And the region occupied by the former Soviet Union contains less than 15% of the world's proven reserves....

Answer 2

Nearly 60 per cent of the world's mineral oil is found in Middle East reservoirs.

• Oil reserves imply the proportion of crude oil that can be technically recovered at a cost that is financially possible at the existing price of oil.

• Approximately 60 per cent of the world's mineral oil is found in Middle East reservoirs which has been proved on the basis of data from OPEC at the start of 2013, the highest proven oil reserves constituting non-conventional oil deposits, are in Venezuela with 20% of global reserves, second-largest is Saudi Arabia with 18% of global reserves, Canada with 13% of global reserves and Iran with 9%.

• Venezuela is the largest oil reservoir in the world with a surplus of 300 billion barrels in reserve and followed by Saudi Arabia which is the second-largest amount of oil reserves in the world with 298 billion barrels.

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