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Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%).
Worldwide Oil Production. While just about every country in the world depends on oil, not all countries produce it. The top five oil producing countries are: Saudi Arabia, Russia, United States, Iran, and China. It is important to note that the term production here refers to crude oil extracted from oil reserves.