COUNTRIES WITH THE LARGEST OIL RESERVES :- Country --- Proven reserves of oil (bbl) 1. Saudi Arabia - 262,600,000,000 2. Venezuela - 211,200,000,000 3. Canada - 175,200,000,000 4. Iran - 137,000,000,000 5. Iraq - 115,000,000,000 6. Kuwait - 104,000,000,000 7. United Arab Emirates - 97,800,000,000 8. Russia - 60,000,000,000 9. Libya - 46,420,000,000 10. Nigeria - 37,200,000,000