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Iraq, the second largest Arab country with oil reserves in 2023
The International Energy Agency (IEA) reported on Saturday that Iraq ranked second in the Arab World in terms of the country with the most oil reserves for 2023.
She said in a report, revised by Shafaq News, that the list of the 10 most Arab countries with oil reserves during 2023 witnessed the continuation of the export of Saudi Arabia, Iraq and the UAE, in light of the leading role of the Arab region in the global market, noting that the list of 2023 did not witness any changes in the reserves of Arab countries, except for the UAE, which succeeded in increasing crude reserves of those fossil fuels.
She pointed out that global oil reserves rose during 2023 to 1.754 trillion barrels, compared to 1.746 trillion barrels in 2022.
She added that during 2023, Saudi Arabia continued to stay on the throne of the list of the 10 most Arab countries with oil reserves, amid its stability at 267.19 billion barrels, and in second place on the list came Iraq with oil reserves that settled at 145.01 billion barrels, unchanged from 2021.
The UAE came third in increasing its oil reserves during 2023 to 113 billion barrels, followed by Kuwait with its stability at 101.5 billion barrels, followed by Libya fifth at the level of 48.36 billion barrels, followed by Qatar sixth by 25.24 billion barrels, followed by Algeria 12.20 billion barrels, followed by Oman by 4.90 billion barrels.
Egypt and Yemen came with reserves of 3.3 billion barrels of crude oil, followed by the last place by the State of Yemen with oil reserves that stabilized at 3 billion barrels.
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