Easiest Ways And Places To Purchase Crude Oil

There are lots of countries in the world that produces crude oil. These countries includes Nigeria, Mexico, Iran, Russia, USA, Saudi Arabia, Venezuela, Kuwait and the others.Finding Suppliers to purchase crude from should be the next step since you now know the countries that produces the largest quantity of crude in the world.

You could decide to start visiting the oil producing countries above to purchase oil and i must say it is not so easy. The United States of America today produces oil but also imports crude.Amongst all countries, the best and less- stressful place to purchase crude is Nigeria. Nigeria's crude also known as bonny Light is one of the world's best crude as it is not hard to refine and  contains very low sulfur content.Nigeria is such a big country as it drills millions of barrels every day. You can visit http://crudeoilservicing.blogspot.com  to get mandates that can get you crude oil  in Nigeria

Purchasing crude oil in Nigeria has always been good news  to investors and buyers as the regulations are not so tough or hard to meet.Nigeria has fewer restrictions guiding the exportation of petroleum. If you would like to purchase crude from  Nigeria, you would need to contact sellers. More so, to contact these sellers, you also would have to locate mandates that would act as an intermediary broker to connect you with genuine sellers. All sellers get their allocations from the NNPC.
You can visit http://crudeoilservicing.blogspot.com to get mandates that can get you crude oil  in Nigeria

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Top 10 - Proven Oil Reserve Countries

This is a list of countries with proven reachable oil reserves in billions of barrels, and is a rough estimate based on the ability to recover the oil by current technological and economical means.

Saudi Arabia - 262

Saudi Arabia is the largest exporter of petroleum in the world, and plays a leading role in OPEC, which stands for The Organization of the Petroleum Exporting Countries; an international organization made up of eleven oil producing nations.

Canada - 180

Canada's Athabasca Oil Sands Project is what puts Canada on the map in this list. Current surface mining techniques and in-situ methods to extract bitumen from the oil sands make for an overwhelmingly positive future for Canada's oil industry.

Iran - 126

Iran's economy relies heavily on oil export revenues, and as oil prices rise, Iran's economy improves. Iran is in the process of diversifying by investing some of it's oil reserves into other areas, such as petrochemicals; and is in the process of creating more favorable climates for foreign investment.

Iraq - 115

According to oil industry experts, new exploration may raise Iraq's reserves up to 300 billion barrels. This has created global foreign interest to re-establish within the country. The US, UK, France, China, Russia, and Japan all vie for major concessions complicated by unrest in the post-Saddam Hussein era.

Kuwait - 102

Though the loss has been estimated at 2% of total oil reserves, Kuwait has recovered fully from the invasion of Iraq. The KPC, or Kuwait Petroleum Corporation, has grown to become one of the ten largest oil companies in the world.

U.A.E. - 98

At one time an underdeveloped region, by 1985 the UAE had the highest per capita income in the world. The largest areas of petroleum production occur in two of the seven constituent parts of the UAE; these being Dubai and Abu Dhabi. Abu Dhabi qualifies as a oil state in the same sense as Kuwait.

Venezuela - 77

Venezuela is the fifth largest oil exporter in the world, and a founding member of OPEC. Oil output has been hampered at times due to protest and controversy, but the country remains an active contributor to the world supply of oil.

Russia - 60

Russia has the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves. The country is the world's largest exporter of natural gas and the second largest oil exporter. Reorganization of the Russian Energy Sector has shown improvements in the industry over the last few years.

Libya - 39

Though sanctions against Libya had been removed by United States President Bush and also by The United Nations, some Libyan authorities caution foreign optimism about prospects in the country's socialist driven economy. Nonetheless, the removal of sanctions allows Libya to drive forward.

Nigeria - 35

Nigeria is the largest oil producer in Africa, and is a major oil supplier to both the United States and Western Europe. Proven oil reserves are expected to be expanded to 40 billion barrels by the year 2010 Retrieved from "http://www.articlesbase.com/environment-articles/top-10-proven-oil-reserve-countries-1287.html"

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