1. **Problem statement:** We want to express the total liters of oil produced in 2023, approximately $1.0435 \times 10^{11}$ liters, in words. 2. **Explanation:** The number $1.0435 \times 10^{11}$ is in scientific notation and represents 104,350,000,000 liters. 3. **Writing the number in words:** 104,350,000,000 can be read as "one hundred four billion three hundred fifty million liters." 4. **Summary:** The total liters of oil produced in 2023 is approximately **one hundred four billion three hundred fifty million liters**.