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List of countries by proven oil reserves

From Wikipedia, the free encyclopedia

Map of countries with proven oil reserves - according to US EIA (start of 2017)
Venezuela and Middle Eastern countries are estimated in 2024 to have the largest proven oil reserves.[1][2]
A map of world oil reserves according to OPEC, January 2014

Proven oil 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 (like OPEC, CIA World Factbook and oil companies) give different figures. Some of the differences reflect the 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 Belt was judged economic.

Sources

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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. (The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves,[citation needed] and the majority of oil produced in the US is from shale[citation needed], leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)

Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021)
Source Canada Iran Iraq Russia Saudi Arabia United States Venezuela
BP[3] 168.1 157.8 145.0 107.8 297.5 68.8 303.8
OPEC[4][5] 5.0 208.6 145.0 80.0 267.2 38.8 303.5
US CIA[6] 170.3 208.6 145.0 80.0 258.6 38.2 303.8
US EIA[7] 168.1 208.6 145.0 80.0 261.6 60.5 303.6

Countries

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Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)
Country U.S. EIA
[8] 		OPEC
[9] 		BP
[10] 		Others Oil production
Feb 2025
(thousands of bbl/day)[11] 		Years of
production
in reserve
 Venezuela *(OPEC) 304,000 303,220 303,800 940 886
 Saudi Arabia *(OPEC) 267,000 267,230 297,600 9,058
 Iran *(OPEC) 209,000 208,600 155,600 4,270
 Iraq *(OPEC) 201,000 145,020 175,000 4,331
 Canada * 170,000 4,731 172,200 171,000 4,788
 United Arab Emirates *(OPEC) 113,000 113,000 97,800 3,630
 Kuwait *(OPEC) 102,000 101,500 101,500 2,525 111
 Russia *(OPEC+) 80,000 80,000 107,800 9,795
 United States * 74,000 55,251 68,800 48,000 13,240
 Libya *(OPEC) 50,000 48,773 48,800 42,000 1,348 95.5
 Nigeria *(OPEC) 37,000 37,500 37,100 1,580 64.2
 Kazakhstan *(OPEC+) 30,000 30,000 30,000 2,132 38.6
 China * 26,000 27,000 26,000 4,340 16.7
 Qatar * 25,000 25,244 25,244 1,310 52.8
 Brazil *(OPEC+) 13,000 12,634 13,000 16,848 3,488
 Algeria *(OPEC) 12,000 12,200 12,200 1,130 29.3
 Guyana * 11,000 11,000 625 48.2
 Ecuador 8,300 8,273 8,000 469 48.2
 Norway * 8,100 7,573 8,500 1,733
 Angola * 7,800 2,550 7,800 1,065
 Azerbaijan *(OPEC+) 7,000 7,000 7,000 581 33
 Mexico *(OPEC+) 6,000 5,558 10,800 9,700 1,711
 Oman *(OPEC+) 5,400 5,373 5,300 986 14.9
 India * 4,600 4,495 5,680 4,409 607 22.6
 Vietnam * 4,400 4,400 4,000 160 75.3
 South Sudan(OPEC+) 3,800 3,500 80
 Malaysia *(OPEC+) 3,600 3,600 3,600 5,542 494
 Egypt * 3,300 4,400 3,500 508
 Yemen * 3,000 3,000 15 548
 Argentina * 3,000 2,838 2,500 746 10.1
 Congo * (OPEC) 2,900 1,811 2,900 242
 United Kingdom * 2,500 1,800 2,800 2,618 660 101
 Syria * 2,500 2,500 2,500 35 196
 Uganda * 2,500 2,500[12] 0 -
 Indonesia * 2,500 2,250 3,600 3,497 576 14.3
 Australia * 2,400 1,803 4,000 4,002 235
 Suriname 2,400 2,400 2,400 12 548
 Colombia * 2,000 2,040 2,300 756
 Gabon *(OPEC) 2,000 2,000 2,000 220 24.9
 Chad * 1,500 1,500 128 32.1
 Turkey * 1,400 1350 124 30.9
 Sudan *(OPEC+) 1,300 5,000 1,500 30
 Brunei *(OPEC+) 1,100 1,100 1,100 107 28.2
 Equatorial Guinea *(OPEC) 1,100 1,100 1,100 88 34.3
 Peru * 900 1,400 1,489 46
 Ghana * 700 186
 Romania * 600 600 53 31
 Turkmenistan * 600 600 600 191 8.6
 Uzbekistan * 600 594 600 30 54.8
 Pakistan * 500 236 62 16.3
 Italy * 500 600 595 93 16.2
 Denmark * 400 439 600 550 55 24.9
 Tunisia * 400 400 27 40.6
 Ukraine * 400 400 395[13] 7.217[13] 152
 Thailand * 300 400 158 6.1
 Trinidad and Tobago * 200 700 830 51
 Bolivia * 200 210 18 31.2
 Cameroon * 200 200[14][15][16] 60 9.1
 Timor-Leste * 719[17][18] 2 985
 Belarus * 200 198 26 21.1
 Bahrain *(OPEC+) 200 182
 DR Congo * 200 16
 Mongolia * 2,438 14 477
 Papua New Guinea * 200 158 32 17.1
 Albania * 200 12
 Chile * 200 2.1
 Niger * 200 88
 Spain * 200 150[19][20][21] 76.947[19] 6.2
 Myanmar * 100 5.6
 Philippines * 139 138.5[22][23] 0.5 762
 Netherlands * 100 141 22 17.6
 Cuba * 100 124 26 13.1
 Germany * 100 229 32 14.1
 Poland * 100 151 18 19
 Ivory Coast * 100 37
 Guatemala * 86 5.5
 Serbia * 77 12
 Croatia * 71 9.2
 France * 61 10
 Japan * 44 3.4
 New Zealand * 40 7.2
 Kyrgyzstan * 40 5.7
 Austria * 35 9
 Georgia * 35 35[24][25][26] 0.2 480
 Bangladesh * 28 3
 Mauritania * 20 20[27][28][29][30] 0 -
 Senegal * 1,030[31][32] 100 28.2
 Bulgaria * 15 15[33][34][35][36] 1 41.1
 Czech Republic * 15 15.0 15[37][38] 1.3 31.6
 South Africa * 15 15 15[39][40][41] 0.4 103
 Israel * 12 12 15 2.2
 Hungary * 12 35 24 5.4
 Lithuania * 12 12[42][43] 0.7 47
 Tajikistan * 12 12[44][45][46] 0.3 110
 Greece * 10 10[47][48][49] 1.5 18.3
 Slovakia * 9 9[50] 7.249[50] 3.4
 Benin * 8 8[51][52] 0 -
 Belize * 6 6.7[53][54][55] 0.8 23
 Taiwan * 2.4 2.38[56] 0.2 32.9
 Barbados * 1 1.542[57] 1 4.2
 Jordan * 1 1 0.33[58] 8.3
 Morocco * 1 0.684[59][60] 0.025[59] 92.3
 World 1,720,000 1,585,187 1,793,424 82,645 19-22

* indicates links to "Oil reserves in Country or Territory" or "Energy in Country or Territory" pages.

See also

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References

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  1. ^ Barthels, Meghan (7 January 2026). "Why Does Venezuela Have So Much Oil? Geology". Scientific American.{{cite magazine}}: CS1 maint: deprecated archival service (link)
  2. ^ Fleck, Anna (5 January 2026). "Venezuela Sits on a Fifth of the World's Oil". Statista, crediting OPEC and Canadian government. Archived from the original on 2 February 2026. OPEC omits Canada's oil-sands, estimated by the Canadian govt. to hold 171 billion barrels of proven reserves. Source: OPEC
  3. ^ "Full report – Statistical Review of World Energy 2021" (PDF). BP. Retrieved 10 August 2024.
  4. ^ "2022 OPEC Annual Statistical Bulletin" (PDF). OPEC. Archived from the original (PDF) on 25 April 2024. Retrieved 10 August 2024.
  5. ^ "Interactive charts". Retrieved 10 August 2024.
  6. ^ "Petroleum - The World Factbook". cia.gov. Archived from the original on 24 January 2021. Retrieved 10 August 2024.
  7. ^ "Largest proved reserve holders of crude oil" (XLSX). eia.gov. 1 December 2021. Retrieved 10 August 2024.
  8. ^ "International - U.S. Energy Information Administration (EIA)". eia.gov. Retrieved 5 October 2023.
  9. ^ Economou, Andreas; Fattouh, Bassam (7 May 2021). "OPEC at 60: the world with and without OPEC". OPEC Energy Review. 45 (1): 3–28. Bibcode:2021OEnRv..45....3E. doi:10.1111/opec.12205. ISSN 1753-0229.
  10. ^ "Statistical Review of World Energy" (PDF). bp.com. 8 June 2016. Retrieved 23 October 2023.
  11. ^ "International - U.S. Energy Information Administration (EIA)". Energy Information Administration. Retrieved 16 June 2025.
  12. ^ "Uganda Oil Reserves, Production and Consumption Statistics". Worldometer.
  13. ^ a b "Ukraine Oil Reserves, Production and Consumption Statistics". Worldometer.
  14. ^ "Cameroon Oil Reserves, Production and Consumption Statistics". Worldometer.
  15. ^ "Cameroon Oil reserves". TheGlobalEconomy.com.
  16. ^ "Oil proved reserves - Cameroon". statbase.org.
  17. ^ "Oil in Timor-Leste". laohamutuk.org. 21 November 2005.
  18. ^ "Energy Circle". energycircle.org.
  19. ^ a b "Spain Oil Reserves, Production and Consumption Statistics". Worldometer.
  20. ^ "Spain Oil reserves". TheGlobalEconomy.com.
  21. ^ "Spain - Crude Oil Reserves". countryeconomy.com.
  22. ^ "Philippines Oil Reserves, Production and Consumption Statistics". Worldometer.
  23. ^ "Philippines - Crude Oil Reserves 2021". countryeconomy.com.
  24. ^ "Georgia Oil Reserves, Production and Consumption Statistics". Worldometer.
  25. ^ "Oil proved reserves - Georgia". statbase.org.
  26. ^ "Georgia - Crude Oil Reserves 2021". countryeconomy.com.
  27. ^ "Mauritania's energy consumption". EBSCO.
  28. ^ "Mauritania Oil Reserves, Production and Consumption Statistics". Worldometer.
  29. ^ "Oil proved reserves - Mauritania". statbase.org.
  30. ^ "Mauritania - Crude Oil Reserves 2021". countryeconomy.com.
  31. ^ Okebiorun, Olamilekan (11 February 2026). "Senegal launches $100 million onshore oil and gas plan after revoking licenses from Inactive operators". Business Insider Africa.
  32. ^ "Senegal launches US$100m onshore oil and gas plan after revoking inactive licenses". 13 February 2026.
  33. ^ "Energy and CO₂ in Bulgaria". Worlddata.info.
  34. ^ "Bulgaria Oil Reserves, Production and Consumption Statistics". Worldometer.
  35. ^ "Oil proved reserves - Bulgaria". statbase.org.
  36. ^ "Bulgaria - Crude Oil Reserves 2021". countryeconomy.com.
  37. ^ "Energy industry in the Czech Republic". aenert.com.
  38. ^ "Czech Republic (Czechia) Oil Reserves, Production and Consumption Statistics". Worldometer.
  39. ^ "Upstream Oil & Gas in South Africa". saoga.org.za.
  40. ^ "South Africa Oil Reserves, Production and Consumption Statistics". Worldometer.
  41. ^ "Oil proved reserves - South Africa". statbase.org.
  42. ^ "Lithuania Oil Reserves, Production and Consumption Statistics". Worldometer.
  43. ^ "Lithuania - Crude Oil Reserves 2021". countryeconomy.com.
  44. ^ "Tajikistan Oil Reserves, Production and Consumption Statistics". Worldometer.
  45. ^ "Oil proved reserves - Tajikistan". statbase.org.
  46. ^ "Tajikistan - Crude Oil Reserves 2021". countryeconomy.com.
  47. ^ "Greece Oil Reserves, Production and Consumption Statistics". Worldometer.
  48. ^ "Greece Oil reserves". TheGlobalEconomy.com.
  49. ^ "Greece - Crude Oil Reserves 2021". countryeconomy.com.
  50. ^ a b "Slovakia Oil Reserves, Production and Consumption Statistics". Worldometer.
  51. ^ "Benin Oil Reserves, Production and Consumption Statistics". Worldometer.
  52. ^ "Benin - Crude Oil Reserves". countryeconomy.com.
  53. ^ [1]
  54. ^ "Belize Oil Reserves, Production and Consumption Statistics". Worldometer.
  55. ^ "Belize - Crude Oil Reserves 2021 | countryeconomy.com". countryeconomy.com.
  56. ^ "Taiwan Oil Reserves, Production and Consumption Statistics". Worldometer.
  57. ^ "Barbados Oil Reserves, Production and Consumption Statistics". Worldometer.
  58. ^ "Jordan Oil Reserves, Production and Consumption Statistics". Worldometer.
  59. ^ a b "Morocco Oil Reserves, Production and Consumption Statistics". Worldometer.
  60. ^ "Energy and CO₂ in Morocco". Worlddata.info.


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