In Latin America, the oil and gas sector is one of the key areas for the region's economies. For example, among the largest companies in the sector, Petrobras, Pemex, Ultrapar and PDVSA can be mentioned. Also, according to the World Bank, the share of oil revenues as a percentage of the region's GDP is above the world average with 1.8%. For that reason, check out which are the biggest oil producers in the region:
10. Chile
Crude oil production (BBL/day): 3,000
Crude oil proved reserves (BBL): 150,000,000
Refined petroleum products production (BBL/day): 216,200
9. Peru
Crude oil production (BBL/day): 49,000
Crude oil proved reserves (BBL): 434,900,000
Refined petroleum products production (BBL/day): 166,600
8. Cuba
Crude oil production (BBL/day): 50,000
Crude oil proved reserves (BBL): 124,000,000
Refined petroleum products production (BBL/day): 104,100
7. Bolivia
Crude oil production (BBL/day): 60,000
Crude oil proved reserves (BBL): 211,500,000
Refined petroleum products production (BBL/day): 65,960
6. Argentina
Crude oil production (BBL/day): 489,000
Crude oil proved reserves (BBL): 2,162,000,000
Refined petroleum products production (BBL/day): 669,800
5. Ecuador
Crude oil production (BBL/day): 517,000
Crude oil proved reserves (BBL): 8,273,000,000
Refined petroleum products production (BBL/day): 137,400
4. Colombia
Crude oil production (BBL/day): 863,000
Crude oil proved reserves (BBL): 1,665,000,000
Refined petroleum products production (BBL/day): 303,600
3. Venezuela
Crude oil production (BBL/day): 1,484,000
Crude oil proved reserves (BBL): 302,300,000,000
Refined petroleum products production (BBL/day): 926,300
2. Mexico
Crude oil production (BBL/day): 1,852,000
Crude oil proved reserves (BBL): 6,630,000,000
Refined petroleum products production (BBL/day): 844,600
1. Brazil
Crude oil production (BBL/day): 2,587,000
Crude oil proved reserves (BBL): 12,630,000,000
Refined petroleum products production (BBL/day): 2,811,000
Source: CIA
Image: Pixabay
