For Students
Petroleum is not distributed evenly around the world. Slightly less than half of the world’s proven reserves are located in the Middle East (including Iran but not North Africa). Following the Middle East are Canada and the United States, Latin America, Africa, and the region made up of Russia, Kazakhstan, and other countries that were once part of the Soviet Union. The amount of oil and natural gas a given region produces is not always proportionate to the size of its proven reserves. For example, the Middle East contains approximately 50 percent of the world’s proven reserves but accounts for ...(100 of 9031 words)