We all know who the biggest producers of crude oil in the world are and can list the top three without effort. But here’s the thing – the biggest producers are not necessarily the countries with the biggest reserves. There are various reasons for that, as we shall see below. For now, suffice it to say it is one thing to have a natural resource and quite another to develop it fully. Here are the top ten countries richest in crude oil in ascending order. #10 Libya The North African country is estimated to have some 48.3 billion barrels of…
