About two-thirds of the world's oil is located in Saudi Arabia.

Name: About two-thirds of the world's oil is located in Saudi Arabia.
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The majority of the world's oil reserves are not concentrated in Saudi Arabia alone; they are spread across several countries, with Venezuela, Saudi Arabia, Canada, Iran, and Iraq being among the top holders of proven oil reserves. Saudi Arabia is a major player but does not hold two-thirds of the world's oil.

About Two-Thirds of the World's Oil Is Located in Saudi