Iran and Iraq both rank among the top ten globally. Canada and the Oil Sands While Saudi Arabia dominates in terms of conventional reserves, Canada holds the largest share of unconventional reserves, primarily in the form of oil sands located in Alberta.
Canada's Oil Sands: Holding the Largest Share of Unconventional Reserves Globally
Unconventional Before identifying the leader, it is essential to clarify the metric used. Saudi Arabia: The Conventional King For decades, Saudi Arabia has been the undisputed king of conventional oil reserves.
Geopolitical Influence The sheer volume of Saudi reserves grants the nation immense geopolitical leverage. Iran and Iraq: Often Overlooked Giants While Saudi Arabia often grabs the headlines, other nations in the region possess staggering quantities of oil.
Canada's Oil Sands: Leading the World in Unconventional Reserves
These nations hold significant potential to alter the global balance of energy power, especially as investment in their aging infrastructure continues. Iran's reserves are largely concentrated in the southwest Persian Gulf region, while Iraq's vast reserves are spread across the southern parts of the country, particularly in the Basra region.
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