Top 10 Richest Oil Countries In The World 2020

Richest Oil Countries In The World

Updates on the list of richest oil countries in the world presently. Prior to the time oil was discovered, we had rich countries, but they weren’t as rich as they currently are. It furthermore wouldn’t be a blunder to say some countries wouldn’t have been as rich as they are, if oil wasn’t discovered. But despite how much money oil has brought, not all countries have been able to make a lot from it. We have some countries which have been able to make fortunes from oil. And we also have those who haven’t been able to make anything much from oil. And if you wonder what the top 10 richest oil countries are, well this is what this article is all about.

Top 10 Richest Oil Countries In The World 2020

  • 1. United States – 15,043,000 barrels/day

The United States of America is not only a giant in a lot of cool things, this country also happens to be the leader in oil production. The country is currently stated to produce about 15 million barrels of oil every day. This amount of oil is not a joke, and even Saudi Arabia, which occupies the second position, is about 3 million barrels behind the US. And for those who have always assumed the Arab countries are the richest in terms of oil, they are not. Truly the Arab oil countries are very rich, but the United States ranks as the first.

  • 2 Saudi Arabia – 12,000,000 barrels/day

Saudi Arabia comes next on this list of the top 10 richest oil countries in the world. And we doubt there would be an enlightened person who hasn’t heard about this country. People in this country may not be as flashy as people from some other parts of the world, but to underestimate how much wealth the country has, would be a big mistake. In fact, the country is home to a very high number of billionaires. And as regards the number of millionaires in this country, they are just too many. Saudi Arabia is claimed to produce about 12 million barrels of oil every day.

  • 3 Russia – 10,800,000 barrels/day

Russia is hands-down one of the most popular countries in the world. This country is a world superpower, and it isn’t a country you can underestimate. The country ranks among the countries with the most powerful militaries. And it of course also ranks as one of the top 10 richest oil countries in the world. The country is stated to produce as much as 10.8 million barrels of oil a day. And with Iraq, the 4th richest oil country in the world, capable of producing just about 4.5 million barrels per day, we don’t see Russia dropping below the third position.

Richest Oil Countries In The World
Richest Oil Countries In The World
  • 4 Iraq – 4,451,516 barrels/day

As we have already stated, Iraq ranks as the 4th richest oil country in the world. And it’s possible many readers wouldn’t be aware of this. Most people know this country for its religious and political problems. But the truth is that it is also one of the richest in oil. The country may further not look like a country with a great amount of wealth, but it actually is. As of the time of writing this content, Iraq is stated to be capable of producing about 4.45 million barrels of oil per day.

  • 5 Iran – 3,990,956 barrels/day

Iran is another country on this list. And not only is it on this list, it also happens to be one of the top 5. There are people who think Iran is simply another name for Iraq, but that’s very wrong. The word Iran and the word Iraq are the names of two different countries. However, we can’t deny the fact that they are close to each another. Iran is stated to produce about 4 million barrels of oil per day. Being more elaborate, the country produces 3,990,956 barrels of oil per day.

  • 6 China – 3,980,650 barrels/day

China, yes China, is also among the top 10 richest oil countries in the world. Many people know this country for electronics, but interestingly, electronics isn’t the only impressive thing about the country. The country rank as the 6th on this list. And it is not impossible to see it become the 5th richest country on this list. In fact, the possibility of it becoming the 4th richest is not a dream. China is stated to produce about 4 million barrels per day. And for those who want the precise amount of oil it produces, the country produces 3,980,650 barrels per day.

  • 7 Canada – 3,662,694 barrels/day

Canada is another county on this list. Some people may be surprised to find it in a list like this. Many people know this country to be an important country in the world, but only a few also understand that it is a country very rich in oil. It is stated that the country produces about 3.7 million barrels of oil per day. And as you can see for yourself, this amount of oil per day isn’t a small thing. Not even the United Arab Emirates ranks above this country.

  • 8 United Arab Emirates – 3,106,077 barrels/day

Next on our list of the top 10 oil countries in the world, is the United Arab Emirates. There are many people who are aware of the wealth of the UAE, so we guess most people wouldn’t be surprised to find it on such a list. This part of the world was almost nothing, prior to the time when oil was discovered. But once oil was discovered, it started to develop at unbelievable rates. And thanks to the people ruling this part of the world, the United Arab Emirate is now a thing. And it would always remain a thing, even if its oil dries up.

  • 9 Kuwait – 2,923,825 barrels/day

Kuwait also happens to be among the top 10 richest oil countries in the world. You may push the country aside, when it comes to some things. But when it comes to things like oil, this country is far from being one of those you can push aside. In fact, if the United Arab Emirates isn’t careful, Kuwait can overtake it to become the 8th richest oil country in the world. Kuwait is stated to produce about 2.9 million barrels of oil per day.

  • 10 Brazil – 2,515,459 barrels/day

Brazil is home to a lot of great footballers. But that’s not the only impressive thing about this country. It also happens to be home to a lot of oil. Brazil rank as the 10th biggest oil country in the world.

Closing

We wouldn’t be surprised if there are people who find this list to be quite unbelievable, but it’s very accurate. It’s natural to thing some countries which aren’t on this list would be on this list. But thinking about something doesn’t make it the reality.

It is also important to state that it isn’t impossible for this list to change, in the next few years.

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