Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ? | MCQ Hive

Economics Mcqs

Q Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?

A A. Russia
B B. Saudi arabia
C C. Iraq
D D. Venezuela

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