An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents.Some oils burn in liquid or aerosol form, generating heat which can be used directly or converted into other forms of energy such as electricity or mechanical work. To obtain many fuel oils, crude oil is pumped from the ground and is shipped via oil tanker to an oil refinery. There, it is converted from crude oil to diesel fuel (petrodiesel), ethane (and other short-chain alkanes), fuel oils (heaviest of commercial fuels, used in ships/furnaces), gasoline (petrol), jet fuel, kerosene, benzene (historically), and liquefied petroleum gas. A 42 gallon barrel of crude oil produces approximately 10 gallons of diesel, 4 gallons of jet fuel, 19 gallons of gasoline, 7 gallons of other products, 3 gallons split between heavy fuel oil and liquified petroleum gases and 2 gallons of heating oil.
Here is the list of countries which combine for the top 10 list of greatest oil exporters of the world, including both crude oil and oil products.
01. Saudi Arabia, 8,728,000 bbl/day
Saudi Arabia has the world’s second largest oil reserves and is the worlds largest oil exporter. Oil accounts for more than 95% of exports and 70% of government revenues, facilitating the creation of a welfare state although the share of the non-oil economy is growing recently. It has also the world’s sixth largest natural gas reserves.
02. Russia, 5,430,000 bbl/day
By 2011, Russian oil production had increased to 10,540,000 bbl/day. It is the largest producer and second largest exporter of oil in the world.
03. United Arab Emirates, 2,700,000 bbl/day
UAE oil reserves are ranked as the world’s sixth-largest and it possesses one of the most developed economies in West Asia. It is the thirty-fifth-largest economy at market exchange rates, and ranks among the world’s wealthiest nations with per capita.
04. Iran, 2,400,000bbl/day
Iran is the world’s fourth largest oil producer and is OPEC’s second-largest producer after Saudi Arabia. As of 2009 it was producing an estimated 4.172 million barrels per day of crude oil. At 2006 rates of production, Iran’s oil reserves would last 98 years if no new oil was found.
05. Kuwait, 2,349,000 bbl/day
The Kuwait Oil Company (KOC) is an oil company headquartered in Ahmadi, Kuwait. It is a subsidiary of the Kuwait Petroleum Corporation, a Government-owned holding company. KOC is the world’s fifth-largest oil exporter.