Kazakhstan has the largest proven oil reserves in the Caspian Sea region, with nearly 80% of all recoverable oil reserves situated in ten large fields, including Tengiz, Karachaganak, etc ...

Estimated at 511 billion barrels, the area would rank as the second largest crude oil reserve by region in the world, behind only that of the Middle East, whose proven reserves stood at over 871 ...

Some say this famous dictator could have died as the richest man in the world at the time ... possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude ...

Beneath the terrains of Africa lies tremendous wealth, with a major country on the continent making moves to become its ...

PDVSA is ranked by Petroleum Intelligence Weekly as the world's fourth largest oil company thanks to its reserves, production, refining and sales capacity, and it has been transformed in recent ...

Venezuela has the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...

The country's oil and gas reserves have become a hot political ... the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people ...

sitting atop the world’s third-largest oil reserves. The Liberal prime minister, along with oilpatch workers and executives and provincial leaders, signed on to a “Declaration of Opportunity ...

BEIJING -- Sinopec, China's largest oil refiner, on Monday announced ... The recoverable shale oil reserves in China, one of the world's major crude oil consumers, ranks third globally.