List of countries by proven oil reserves

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oil and gas Industry Reserves by Nation
Countries by natural gas and oil proven reserves (2015)
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. 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.

Map of countries with proven oil reserves - according to U.S. EIA (start of 2017)

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). The column "Years until exhaustion" uses the daily production figures as of 2016 [1] (multiplied with 365).

Proven reserves (millions of barrels) U.S. EIA (start of 2017)[2] OPEC (end of 2015)[3] BP (end of 2015)[4] Other Years until exhaustion
Country Rank Reserves Rank Reserves Rank Reserves Source/Date Reserves Production per year(MMbbl/year, 2016)[1] Years
 Venezuela (see: Oil reserves in Venezuela) 1 300,878 1 300,878 1 300,900 831.1 362
 Saudi Arabia (see: Oil reserves in Saudi Arabia) 2 266,455 2 266,455 2 266,600 3818.1 69
 Canada (see: Oil reserves in Canada) 3 169,709 26 4,118[5] 3 172,200 Natural Resources Canada, end 2014[6] 171,000 1336.8 126
 Iran (see: Oil reserves in Iran) 4 158,400 3 158,400 4 157,800 1452.9 109
 Iraq (see: Oil reserves in Iraq) 5 142,503 4 142,503 5 143,100 1624.8 88
 Kuwait (see: Oil reserves in Kuwait) 6 101,500 5 101,500 7 101,500 1067.2 95
 UAE (see: Oil reserves in the United Arab Emirates) 7 97,800 6 97,800 8 97,800 1133.7 86
 Russia (see: Oil reserves in Russia) 8 80,000 7 80,000 6 102,400 3851.3 21
 Libya (see: Oil reserves in Libya) 9 48,000 8 74,363 9 78,400 366.1 131
 Nigeria (see: Oil reserves in Nigeria) 10 37,062 9 37,062 11 37,100 730.0 51
 United States (see: Oil reserves in the United States) 11 35,000 10 36,685 10 55,000 ENI, end of 2015[7] 43,629 3239.7 10
 Kazakhstan 12 30,000 11 30,000 12 30,000 582.2 52
 China 13 25,620 13 25,132 14 18,500 1452.9 17
 Qatar 14 25,244 12 25,244 13 25,244 555.9 45
 Brazil 15 12,999 14 16,184 15 13,000 ENI, end of 2015[7] 16,848 918.1 14
 Algeria 16 12,200 15 12,200 17 12,200 492.1 25
 Angola 17 / 18 8,273 17 9,524 16 12,700 645.9 22
 Ecuador 17 / 18 8,273 18 8,273 19 / 20 8,000 200.2 41
 Mexico (see: Oil reserves in Mexico) 19 7,300 16 9,711 18 10,800 PEMEX[8] Start of 2015 9.700 798.2 9
 Azerbaijan 20 7,000 19 7,000 21 7,000 304.2 23
 Norway 21 6,611 33 5,139 19 / 20 8,000 601.5 11
 Oman 22 5,373 21 5,306 23 5,300 367.5 23
 Sudan/South Sudan 23 5,000 32 5,000 24 Sudan 1,500 / S. Sudan 3,500 93.1 53
 India 24 4,600 20 5,680 22 5,680 ENI, end of 2015[7] 5,692 267 17
 Egypt 25 / 26 4,400 24 / 25 4,400 29 3,500 180.4 24
 Vietnam 25 / 26 4,400 24 / 25 4,400 25 4,000 110.2 40
 Indonesia 27 / 28 3,600 29 3,230 27 / 28 3,600 ENI, end of 2015[7] 3,497 304.2 11
 Malaysia 27 / 28 3,600 28 3,750 27 / 28 3,600 ENI, end of 2015[7] 5,542 241.3 15
 Yemen 29 3,000 30 3,000
 United Kingdom 30 2,564 30 2,755 31 2,800 UK Oil & Gas Authority, end 2015[9] 2,618 343.1 7.5
 Syria 31 / 32 2,500 31 2,500 32 2,500
 Uganda 31 / 32 2,500
 Argentina 33 2,185 32 2,380 33 2,400 Argentine Petroleum Institute[10] 2,330
 Colombia 34 2,002 33 2,308 34 2,300
 Gabon 35 2,000 34 2,000 35 2,000
 Australia 36 1,821 27 3,982 26 4,000 Geoscience Australia[11] end of 2014 4,002
 Congo, Republic of the (Brazzaville) 37 1,600 36 1,600
 Chad 38 1,500 37 1,500
 Brunei 39 / 40 1,100 35 1,100 39 / 40 1,100
 Equatorial Guinea 39 / 40 1,100 39 / 40 1,100
 Ghana (see: Oil reserves in Ghana) 41 660
 Romania 42 / 43 600 42 / 46 600
 Turkmenistan 42 / 43 600 36 600 42 / 46 600
 Uzbekistan 44 594 37 594 42 / 46 600
 Italy 45 557 42 / 46 600 ENI, end of 2015[7] 595
 Denmark 46 491 38 511 42 / 46 600 ENI, end of 2015[7] 550
 Peru 47 473 38 1,400 ENI, end of 2015[7] 1,489
 Tunisia 48 425 47 / 48 400
 Thailand 49 396 47 / 48 400
 Ukraine 50 395 39 395
 Pakistan 51 350 ENI, end of 2015[7] 236
 Turkey 52 300 ENI, end of 2015[7] 284
 Trinidad and Tobago 53 243 41 700 ENI, end of 2015[7] 830
 Bolivia 54 211 ENI, end of 2015[7] 210
 Cameroon 55 200
 Belarus 56 198 40 198
 Congo, Democratic Republic of the (Kinshasa) 57 180
 Albania 58 168
 Papua New Guinea 59 159 ENI, end of 2015[7] 158
 Chile 60 / 62 150
 Niger 60 / 62 150
 Spain 60 / 62 150
 Germany 63 145 ENI, end of 2015[7] 229
 Myanmar 64 139
 Philippines 65 139
 Poland 66 138 ENI, end of 2015[7] 151
 Bahrain 67 125
 Cuba (see: Oil reserves in Cuba) 68 124 ENI, end of 2015[7] 124
 Netherlands 69 113 ENI, end of 2015[7] 141
 Ivory Coast 70 100
 Suriname 70 83.9
 Guatemala 71 83.1
 France 72 72.4
 Serbia 73 77.5
 Croatia 74 71.0
 New Zealand 75 56.9
 Japan 76 44.1
 Austria 77 43.0
 Kyrgyzstan 78 40.0
 Georgia 79 35.0
 Bangladesh 80 28.0
 Hungary 81 25.1 ENI, end of 2015[7] 35
 Mauritania 82 20.0
 Bulgaria 83 / 85 15.0
 Czech Republic 83 / 85 15.0
 South Africa 83 / 85 15.0
 Israel 86 12.7 ENI, end of 2015[7] 12
 Lithuania 87 / 88 12.0
 Tajikistan 87 / 88 12.0
 Greece 89 10.0
 Slovakia 90 9.00
 Benin 91 8.00
 Belize 92 6.70
 Taiwan 93 2.38
 Barbados 94 2.08
 Jordan 95 1.00 ENI, end of 2015[7] 1
 Morocco 96 0.68
 Ethiopia 97 0.43
 Afghanistan 0 US Geological Survey[12] 80
World total 1,726,685 1,481,526 1,697,600 29427 59

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[13] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[14] 4.2[4] 157.5 80.0 266.6 36.5 300.0
US Central Intelligence Agency[15] 171.0 157.8 103.2 268.3 36.5 298.4
US Energy Information Administration[16] 172.5 157.8 80.0 268.3 39.9 298.4

See also[edit]

References[edit]

  1. ^ a b "Production of Crude Oil including Lease Condensate 2016" (CVS download). U.S. Energy Information Administration. Retrieved 27 May 2017.
  2. ^ U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 16 July 2018.
  3. ^ OPEC, Annual Statistical Bulletin 2016
  4. ^ BP, Statistical Review of World Energy, June 2016.
  5. ^ OPEC does not include mined oil sand.
  6. ^ Oil Resources, Natural Resources Canada, 16 Feb. 2016.
  7. ^ a b c d e f g h i j k l m n o p q r s t ENI, World Oil and Gas Review, 2016.
  8. ^ 20150909%20Reservas%20al%201%20de%20enero%202015_e.pd...[permanent dead link] , PEMEX, accessed 1 Sept 2016
  9. ^ Oil and Gas reserves and Resources, UK Oil & Gas Authority, 5 Aug. 2016.
  10. ^ Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m3 (proven reserves as of 2013)
  11. ^ Geoscience Australia, Oil, accessed 3 Sept. 2016. (crude oil + condensate).
  12. ^ "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013.
  13. ^ BP Statistical Review of World Energy, 2015
  14. ^ OPEC Statistical Bulletin, 2015.
  15. ^ World Factbook, US Central Intelligence Agency, 2015.
  16. ^ US Reserves: Curde Oil and Lease Condensate, US EIA.