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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 ?

/ Economics Mcqs, Natural Resources and the Environment Toward Sustainable Development / By
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. Russia
B. Saudi Arabia
C. Iraq
D. Venezuela