Question

Which of the following countries have the highest crude oil reserves?
A. UAE
B. Iran
C. Iraq
D. Saudi Arabia

Answer 1

Hint: In Western Asia, Saudi Arabia, officially recognized as the Kingdom of Saudi Arabia, comprises the bulk of the Arabian Peninsula. Geographically, Saudi Arabia is the largest sovereign state in Western Asia, the second largest in the Arab world, the fifth-largest in Asia, and the 12th largest in the world, with a land area of approximately 2,150,000 km2.

Complete answer:
 Saudi Arabia is a country in the desert. It has the largest reserves of crude oil. Saudi Arabia is the world's second-largest reserve of crude oil and one-fifth of the world's total reserve of oil. It is estimated that it has an oil reserve of 268 billion barrels.
It is bordered to the north by Jordan and Iraq, to the northeast by Kuwait, to the east by Qatar, Bahrain, and the United Arab Emirates, to the southeast by Oman and to the south by Yemen; to the north-west by the Gulf of Aqaba, it is separated from the Sinai (Egypt). The only country with both the coast of the Red Sea and the coast of the Persian Gulf is Saudi Arabia, and much of its terrain consists of arid desert, lowlands, and mountains.
It is the largest petroleum exporter and also has the fifth-largest proven reserves of natural gas. It is considered to be an "energy superpower". It has the third-highest estimated total value of natural resources, measured at 34.4 trillion US dollars in 2016. The command economy of Saudi Arabia is petroleum-based; the oil industry accounts for about 63 percent of budget revenues and 67 percent of export earnings.

Note: Approximately 45 percent of Saudi Arabia's nominal gross domestic product is in the oil industry, compared to 40 percent in the private sector. Officially, it has nearly 260 billion barrels of oil reserves, about one-fifth of the world's proven total oil reserves.