Venezuela surpasses Saudi Arabia for world's biggest oil reserve

"... The South American country's known reserves grew between 2009 and 2010 by 40 percent, compared with the stagnation of Saudi Arabia's reserves, which OPEC figures to be 264.52 billion barrels...

Two other OPEC nations, Iran, with 151.17 billion barrels, and Iraq with 143.1 billion barrels, are ranked third and fourth, respectively, in terms of known crude oil reserves.Next on the list are non-OPEC members Russia, with 79.43 billion barrels, and Kazakhstan, with 39.8 billion barrels.Brazil, with reserves of 12.86 billion, and Mexico, with 11.69 billion barrels, are also not part of OPEC..."