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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%).
But the country has the worldâs largest oil reserves, even greater than Saudi Arabia. According to the CIA Factbook, this is how the top 10 look in terms of proved reserves: The United States is 11th on the list at 36,520,000,000 BBL. All the numbers are unreliable if shale deposits are taken out. Venezuelaâs problem is that it cannot get oil out of the ground. If it could, crude sales might produce enough money to solve some of the nationâs problems.