A new report has found that the majority of the world’s oil is produced in Africa, South Asia and the Middle East.
However, as it stands, Africa has the second-highest percentage of oil in the world after Saudi Arabia.
The study by Bloomberg News and Oilprice.com looked at the total oil supply by region and found that there are more than 7,000 oil companies operating in the continent.
That means that only 2% of the total amount of oil is located in the African continent.
However there are some notable oil discoveries in South Africa, Angola, Niger, Nigeria, Sudan and Tanzania.
The report found that South Africa has produced more oil in three years than China, Saudi Arabia and the United Arab Emirates combined.
The top ten oil-producing regions in the Americas are Argentina, Brazil, Colombia, Venezuela, Peru, Colombia and Ecuador.
Bolivia’s oil production is second-largest behind Saudi Arabia, with just over 1,000 wells.
In the Middle Eastern region, Kuwait is second in terms of production, followed by Qatar.
The United Arab Republic has the third-highest number of wells, followed closely by Iran.
The oil-rich United Arab Emirate is fourth.
Venezuela is the fifth-largest producer of oil, followed in third place by the United States.
A total of 7,624 oil fields were discovered in South America.
The U.S. was second with 5,914, followed from Mexico with 4,971.
Nigeria, the largest producer of crude oil in Africa is at number eight, followed directly by Argentina, the U.K. and Chile.
In the Middle South, Angola and Algeria are at the top of the list.
Brazil, Chile, Russia and Nigeria are the largest producers of oil from the Middle-East and North Africa.
The remaining three producers are Algeria, Azerbaijan, Saudi Arabi and Venezuela.
The oil companies that have the highest oil reserves are Total (14.4 million barrels per day), Total Opec (9.5 million barrels) and Chevron (8.3 million barrels).
The Oil Price.com study shows that oil from South America has the lowest price per barrel.
That makes South America the world leader in oil prices, and the most expensive place in the oil market.
While South America is still struggling to get its energy supplies to the market, the country has seen significant growth in its oil production over the last few years.
It now has more than 1,200 oil fields, up from just over 2,000 in 2007.
That’s a lot of oil for a small continent.