The correct answer is (b) Saudi Arabia.
Saudi Arabia has the largest proven oil reserves in the world, with 290 billion barrels. This is more than double the reserves of the second-largest country, Venezuela, which has 136 billion barrels. Iran and Iraq have 158 billion and 145 billion barrels of proven oil reserves, respectively.
Saudi Arabia’s oil reserves are located in the Eastern Province, which is home to the Ghawar field, the world’s largest oil field. The Ghawar field has an estimated 70 billion barrels of recoverable oil.
Saudi Arabia’s oil reserves are a major source of revenue for the country. The government uses oil revenue to fund its development programs and to provide social services to its citizens.
The oil reserves in Saudi Arabia are a strategic asset for the country. They give Saudi Arabia a significant amount of economic and political power.
The oil reserves in Saudi Arabia are also a source of environmental concern. The burning of oil releases greenhouse gases into the atmosphere, which contribute to climate change.
The oil reserves in Saudi Arabia are a finite resource. They will eventually run out. It is important for Saudi Arabia to develop alternative sources of revenue and to invest in renewable energy.