Facts About World Oil Production
Without a doubt, the largest oil-producing area in the world is Saudi Arabia in the Middle East. With a quarter of the world's proven oil reserves, this country produces over 600 million tons of oil per year or an amazing seventeen tons per second! Part of this success is due to the fact that labor costs in the area are some of the lowest in the world. With this rate of production and the reserves it has, Saudi Arabia is most likely going to stay the number one producer of the world's oil for many decades to come. Because of the huge oil profits flowing through this region, the pay to qualified technicians and experienced workers is extremely high and bonuses for production are also huge. A good majority of the oilfield jobs in this region are held by non-U.S. citizens.
The oil sands projects in Alberta, Canada are destined to make this country the second leading producer of oil. Once the oil is processed out of the oil sands reserves, the oil produced will provide oil exports that will rival the Middle East nations.
Other provinces such as Saskatchewan and Newfoundland also have substantial oil and natural gas reserves. The oil companies work especially hard to attract and keep qualified workers by offering attractive benefit and bonus packages as well as high rates of pay. Because much of the work is in Northern climates, the pay during the winter months generally goes up as well.
Iran has the second largest reserves of conventional oil deposits in the world. Both Canada and Venezuela have larger non-conventional reserves, but Iran's deposits are more fluid and easily obtained for production and refinement into other products. Iran's exports of oil are severely limited at the present time because the United States prohibits importing oil from this country. However, the massive demand for oil from China should very soon offset this shortfall of Iranian oil exports. Foreign workers who work in the oil fields of Iran find that after getting used to the extreme heat, the work is like any other oil and gas work anywhere else in the world. The work is hard but the pay is extremely good.
Iraq and Kuwait are still two of the top oil producing countries in the world with exports mainly going to Japan and China as well as some European countries. Kuwait exports oil to the US, but Iraq is still recuperating from the U.S.-led invasion in the early 1990s. Work in the oil industry in these countries is very good for foreign workers as the companies are willing to pay a little more for workers who know the industry and are willing to make the country their home. The pay is extremely good and the work is hard, but the climate is much better than the Northern Arctic oil fields.
Venezuela rounds out the top oil producing countries of the world with oil reserves that will keep the industry producing for at least another 100 years! Workers who want to work in the oil industry in Venezuela should realize that the climate is very warm but the money to be made here is very high and the benefits and bonus arrangements made for meeting production quotas is very generous.
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