Iraq

Natural resources worth $15.9 trillion are found in Iraq. Petroleum, natural gas, phosphates, and sulfur are all found in its arid terrain. Like some Gulf states, Iraq has a significant oil deposit. Iraq is the second-largest crude oil producer in OPEC. It is the fifth-largest producer of proven crude oil reserves in the world, and a sizable portion of its income comes from the export of crude oil.

Iraq offers significant quantities of sulfur, phosphate, and natural gas in addition to some of the greatest oil reserves in the world, including five "supergiant" fields. In addition, it produces electricity from liquid fuels, natural gas, and hydroelectric resources.

Its oil barrels reach about 115 billion, which shares about 9% of the total reserve worldwide. Due to differences and influx of politics, the majority of the deposits are not yet exploited and are left untapped. This country also has a vast reserve of phosphate rocks worldwide valued at 1.1 trillion dollars.