Question

Which two regions in the world are rich in petroleum ?
plz answer me quickly ..

Answer 1

1* Venezuela

2* Saudi Arabia

3* Canada

4*Iran

5* Iraq

Answer 2

Saudi Arabia and Venezuela are rich in petroleum.

• The largest oil exporter in the Western Hemisphere, Venezuela has traditionally played a significant role in the global oil market.
• It is home to the greatest oil endowment in the world, with 298 billion barrels of confirmed oil reserves.
• However, the majority of the estimated 500 billion barrels of prospective reserves are found in extra-heavy oil and bitumen deposits in the Orinoco region in the country's centre, which have not been extensively mined.
• The Bolivar Coastal field is the most significant producing area in the nation. This collection of sizable and tiny reservoirs was located in 1917 in the western Maracaibo basin.
• Over 70% of the projected recoverable reserves have been produced by these mature fields, yet they are declining in production.
• With 268 billion barrels, or roughly 16% of the world's proved reserves, Saudi Arabia has the second-largest proven oil reserves in the world, and there is also a considerable chance that more discoveries will be made. The Al-Ghawr oil field was the finding that made Saudi Arabia a major oil producer.
• This field, which was discovered in 1948 and put into production in 1951, has established itself as the greatest in the world, producing an estimated 55 billion barrels after 60 years of operation. According to Saudi officials, if waterflooding—the process of injecting water into an oil reservoir to force oil out—is taken into account, this field's recoverable reserves might total more than 120 billion barrels.

Hence, the answer is Saudi Arabia and Venezuela.

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