List of countries by proven oil reserves

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A map of world oil reserves according to OPEC, January 2014
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)

This is a list of countries by proven oil reserves.

Methodology[edit]

Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

Some statistics on this page are disputed and controversial. Different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.

Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco was judged economic.

Countries[edit]

Reserves amounts are listed in millions of barrels (MMbbl).

Proven Reserves (millions of barrels) U.S. EIA (start of 2015)[1] OPEC (end of 2015)[2] BP (end of 2015)[3] Other
Country Rank Reserves Rank Reserves Rank Reserves Source/Date Reserves
 Venezuela (see: Oil reserves in Venezuela) 1 298,350 1 300,878 1 300,900
 Saudi Arabia (see: Oil reserves in Saudi Arabia) 2 268,289 2 266,455 2 266,600
 Canada (see: Oil reserves in Canada) 3 172,481 26 4,118[4] 3 172,200 Natural Resources Canada, end 2014[5] 171,000
 Iran (see: Oil reserves in Iran) 4 157,800 3 158,400 4 157,800
 Iraq (see: Oil reserves in Iraq) 5 144,211 4 142,503 5 143,100
 Kuwait (see: Oil reserves in Kuwait) 6 104,000 5 101,500 7 101,500
 UAE (see: Oil reserves in the United Arab Emirates) 7 97,800 6 97,800 8 97,800
 Russia (see: Oil reserves in Russia) 8 80,000 7 80,000 6 102,400
 Libya (see: Oil reserves in Libya) 9 48,363 8 48,363 10 48,400
 United States (see: Oil reserves in the United States) 10 39,933 10 36,685 9 55,000
 Nigeria (see: Oil reserves in Nigeria) 11 37,070 9 37,062 11 37,100
 Kazakhstan 12 30,000 11 30,000 12 30,000
 Qatar 13 25,244 12 25,244 13 25,244
 China 14 24,649 13 25,132 14 18,500
 Brazil 15 15,314 14 16,184 15 13,000
 Algeria 16 12,200 15 12,200 17 12,200
 Mexico (see: Oil reserves in Mexico) 17 9,812 16 9,711 18 10,800 PEMEX[6] Start of 2015 9.700
 Angola 18 9,011 17 9,524 16 12,700
 Ecuador 19 8,832 18 8,273 19 / 20 8,000
 Azerbaijan 20 7,000 19 7,000 21 7,000
 India 21 5,675 20 5,680 22 5,680
 Norway 22 5,497 33 5.139 19 / 20 8,000
 Oman 23 5,151 21 5,306 23 5,300
 Sudan/South Sudan 24 5,000 32 5000 24 Sudan 1,500 / S. Sudan 3,500
 Vietnam 25 / 26 4,400 24 / 25 4,400 25 4,000
 Egypt 25 / 26 4,400 24 / 25 4,400 29 3,500
 Malaysia 27 4,000 28 3,750 27 / 28 3,600
 Indonesia 28 3,693 29 32,500 27 28 3,600
 Yemen 29 3,000 30 3,000
 United Kingdom 30 2,982 30 2,755 31 2,800 UK Oil & Gas Authority, end 2015[7] 2,618
 Syria 31 / 32 2,500 31 2,500 32 2,500
 Uganda 31 / 32 2,500
 Colombia 33 2,445 33 2,308 34 2,300
 Argentina 34 2,354 32 2,380 33 2,400 Argentine Petroleum Institute[8] 2,330
 Gabon 35 2,000 34 2,000 35 2,000
 Congo, Republic of the (Brazzeville) 36 1,600 36 1,600
 Chad 37 1,500 37 1,500
 Australia 38 1,193 27 3,982 26 4,000 Geoscience Australia[9] end of 2014 4,002
 Brunei 39 / 40 1,100 35 1,100 39 / 40 1,100
 Equatorial Guinea 39 / 40 1,100 39 / 40 1,100
 Peru 41 741 38 1,400
 Trinidad and Tobago 42 728 41 700
 Ghana (see: Oil reserves in Ghana) 43 660
 Denmark 44 611 38 511 42 / 46 600
 Turkmenistan 45 / 46 600 36 600 42 / 46 600
 Romania 45 / 46 600 42 / 46 600
 Uzbekistan 47 594 37 594 42 / 46 600
 Italy 48 525 42 / 46 600
 Thailand 49 461 47 / 48 400
 Tunisia 50 425 47 / 48 400
 Ukraine 51 395 39 395
 Pakistan 52 371
 Turkey 53 296
 Germany 54 227
 Bolivia 55 210
 Cameroon 56 200
 Belarus 57 198 40 198
 Congo, Democratic Republic of the (Kinshasa) 58 180
 Papua New Guinea 59 175
 Albania 60 168
 Chile 61 / 63 150
 Niger 61 / 63 150
 Spain 61 / 63 150
 Netherlands 64 145
 Poland 65 142
 Philippines 66 139
 Bahrain 67 125
 Cuba (see: Oil reserves in Cuba) 68 124
 Ivory Coast 69 100
 Suriname 70 89.0
 France 71 84.1
 Guatemala 72 83.1
 Serbia 73 77.5
 Croatia 74 71.0
 New Zealand 75 67.2
 Myanmar 76 50.0
 Austria 77 47.5
 Japan 78 44.1
 Kyrgyzstan 79 40.0
 Georgia 80 35.0
 Bangladesh 81 28.0
 Hungary 82 27.2
 Mauritania 83 20.0
 Bulgaria 84 / 86 15.0
 Czech Republic 84 / 86 15.0
 South Africa 84 / 86 15.0
 Israel 87 14.0
 Lithuania 88 / 89 12.0
 Tajikistan 88 / 89 12.0
 Greece 91 10.0
 Slovakia 92 9.00
 Benin 83 8.00
 Belize 94 6.70
 Barbados 94 2.53
 Taiwan 95 2.38
 Jordan 96 1.00
 Morocco 97 0.68
 Ethiopia 98 0.43
 Afghanistan 0 US Geological Survey[10] 80
World total 1,662,945 1,481,526 1,697,600

Different sources[edit]

Sources sometimes differ on the volume of proven oil reserves. The differences sometimes result from different classes of oil included, and sometimes result from different definitions of proven.

Comparison of proven oil reserves from some widely used sources (billions of barrels, as of 31 Dec. 2014/1 Jan. 2015)

Source Canada Iran Russia Saudi Arabia United States Venezuela
BP[11] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[12] 400.2 157.5 80.0 266.6 36.5 300.0
US Central Intelligence Agency[13] 171.0 157.8 103.2 268.3 36.5 298.4
US Energy Information Administration[14] 172.5 157.8 80.0 268.3 39.9 298.4

See also[edit]

References[edit]

  1. ^ U.S. Energy Information Administration, International Energy Statistics, accessed 3 Sept. 2016.
  2. ^ OPEC, Annual Statistical Bulletin 2016
  3. ^ BP, Statistical Review of World Energy, June 2016.
  4. ^ OPEC does not include mined oil sand.
  5. ^ Oil Resources, Natural Resources Canada, 16 Feb. 2016.
  6. ^ 20150909%20Reservas%20al%201%20de%20enero%202015_e.pd... , PEMEX, accessed 1 Sept 2016
  7. ^ Oil and Gas reserves and Resources, UK Oil & Gas Authority, 5 Aug. 2016.
  8. ^ Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m3 (proven reserves as of 2013)
  9. ^ Geoscience Australia, Oil, accessed 3 Sept. 2016. (crude oil + condensate).
  10. ^ "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013. 
  11. ^ BP Statistical Review of World Energy, 2015
  12. ^ OPEC Statistical Bulletin, 2015.
  13. ^ World Factbook, US Central Intelligence Agency, 2015.
  14. ^ US Reserves: Curde Oil and Lease Condensate, US EIA.
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