Many states in India have recently discovered large mineral reserves. Jammu and Kashmir found a significant lithium deposit, Odisha is reported to have a large gold reserve, and Meghalaya is believed to hold substantial quantities of minerals and rare earth metals. But do you know which country has the largest natural resource reserves in the world? It’s Russia. Being the largest country by area, Russia is home to massive natural wealth, valued at around USD 75 trillion—far more than any other nation. The country is rich in coal, oil, natural gas, gold, timber, and rare earth metals.
Russia holds the world’s largest known natural gas reserves, accounting for nearly 20 per cent of the global supply, estimated at 1.32 quadrillion cubic feet. It also has the second-largest gold reserves, with 6,800 tons, making up 13 per cent of the world’s total. Additionally, Russia is the third-largest crude oil producer and possesses the sixth-largest oil reserves, estimated at 107.8 billion barrels.
When it comes to diamonds, Russia dominates the global market, contributing 37 per cent of the world’s diamond production. In terms of diamond reserves, its share is even larger at 46 per cent.
Top 10 countries with largest natural resource reserves:
Russia
- USD 75 trillion worth of natural resources.
- Rich in coal, oil, natural gas, gold, timber, and rare earth metals.
- Holds 20 per cent of the world’s natural gas reserves and 13 per cent of global gold reserves.
United States
- USD 45 trillion worth of natural resources.
- 90 per cent of its reserves are in timber and coal.
- The largest coal producer and the top crude oil producer globally.
- Also holds copper, gold, oil, natural gas, lead, uranium, bauxite, and rare earth metals.
Saudi Arabia
- USD 34 trillion worth of natural resources.
- Home to 15 per cent of the world’s oil reserves.
Canada
- USD 33 trillion worth of natural resources.
- Holds the third-largest oil reserves globally, after Venezuela and Saudi Arabia.
Iran
- USD 27 trillion worth of natural resources.
- The second-largest producer of natural gas in the world.
China
- USD 23 trillion worth of natural resources.
- Includes large reserves of coal, rare earth metals, and minerals.
Brazil
- USD 22 trillion worth of natural resources.
- Rich in iron ore, gold, oil, and natural gas.
Australia
- USD 20 trillion worth of natural resources.
- Abundant in coal, iron ore, gold, and natural gas.
Iraq
- USD 16 trillion worth of natural resources.
- Large oil and natural gas reserves.
Venezuela
- USD 14 trillion worth of natural resources.
- Holds the world’s largest proven oil reserves.
India, by comparison, has around USD 500 billion worth of natural resources.
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