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List of countries by proven oil reserves

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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][new archival link needed][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

[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. (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
Eni[4] 168.1 208.6 145.0 107.8 258.5 54.6 303.8
OPEC[5][6] 5.0 208.6 145.0 80.0 267.2 38.8 303.5
US CIA[7] 170.3 208.6 145.0 80.0 258.6 38.2 303.8
US EIA[8] 168.1 208.6 145.0 80.0 261.6 60.5 303.6

Countries

[edit]

Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)
Country U.S. EIA
[9]		 OPEC
[10][note 1]		 BP
[3]		 Eni
[4]		 Others Oil production
2025Y
(thousands of bbl/day)[11]		 Years of
production
in reserve
 Venezuela *(OPEC) 304,000303,221303,800 303,806968 Increase858
 Saudi Arabia *(OPEC) 267,000267,200297,500 258,4819,556 Neutral increase77
 Iran *(OPEC) 209,000208,600157,800 208,6004,194 Increase136
 Canada * 170,0004,344168,100 168,088163,000[12]4,964 Increase90
 Iraq *(OPEC) 145,000145,019145,000145,019147,000[13]4,388 Neutral decrease90
 United Arab Emirates * 113,000113,00097,800 97,8003,833 Increase81
 Kuwait *(OPEC) 102,000101,500101,500 101,5002,585 Neutral increase108
 Russia *(OPEC+) 58,00080,000107,800 107,80480,000[14]9,877 Decrease22
 Libya *(OPEC) 50,00048,36348,400 48,36342,0001,363 Increase97
 United States * 74,00045,01468,800 54,64446,422[15]13,586 Increase9
 Nigeria *(OPEC) 37,00037,28036,900 37,6951,605 Increase64
 Kazakhstan *(OPEC+) 30,00030,00030,000 29,9212,047 Increase40
 China * 26,00028,18226,000 25,9634,325 Increase18
 Qatar * 25,00025,24425,200 25,2441,312 Increase53
 Somalia * 20,000[16][17]N/a
 Sierra Leone * 44020,000-15,000[18][19][20]N/a
 Brazil *(OPEC+) 13,00015,89411,900 11,93716,8483,769 Increase12
 Algeria *(OPEC) 12,00012,20012,200 12,2001,143 Neutral increase29
 Guyana * 11,000 11,000[21]747 Increase40
 Ecuador 8,3008,2731,300 8,273441 Decrease51
 Azerbaijan *(OPEC+) 7,0007,0007,000 6,978561 Decrease34
 Norway * 7,0006,9127,900 7,8988,120[22]1,859 Increase10
 Mexico *(OPEC+) 6,0005,1366,100 7,0109,7001,726 Decrease8
 Oman *(OPEC+) 5,4004,9715,400 5,3581,002 Neutral increase14
 India * 4,8404,9184,500 4,2934,409581 Decrease23
 Vietnam * 4,4004,4004,400 4,391165 Neutral increase73
 South Sudan * (OPEC+) 3,8003,5003,500 3,5003,500[23][24]113 Neutral increase85
 Egypt * 3,3003,3003,100 3,1463,300[25][26][27][28]510 Decrease18
 Yemen * 3,0003,000 2,88115 Steady548
 Argentina * 3,0002,9992,500 2,483794 Increase10
 Malaysia *(OPEC+) 3,6002,7002,700 4,7275,542516 Increase14
 Angola * 2,6002,5507,800 7,7839,000[29][30][31][32]1,031 Decrease7
 Syria * 2,5002,500 2,66175 Neutral increase91
 Uganda * 2,500 1,004N/a
 Indonesia * 2,5002,4102,400 2,4803,497582 Steady11
 Suriname * 2,400 8712 Decrease548
 Colombia * 1,8002,0192,000 1,8432,020[33][34][35]746 Neutral decrease7
 Gabon *(OPEC) 2,0002,0002,000 2,000239 Increase23
 Congo *(OPEC) 1,8001,8112,900 1,660180[36]241 Decrease21
 Australia * 2,4001,8032,400 3,9954,002246 Decrease20
 United Kingdom * 2,5001,5002,500 2,7002,618616 Neutral increase7
 Chad * 1,5001,500 1,583126 Neutral decrease33
 Sudan *(OPEC+) 1,3001,5001,500 1851,250[37][38]30 Decrease137
 Turkey * 1,400 3651350125 Increase31
 Brunei *(OPEC+) 1,1001,1001,100 1,100101 Increase30
 Equatorial Guinea *(OPEC) 1,1001,1001,100 1,10076 Decrease40
 Senegal * 1,030[39]–600[40]100 Increase28
 Timor-Leste * 719[41][42]2 Steady984
 Ghana * 700 681660[43][44]183 Neutral decrease10
 Turkmenistan * 600600600 601191 Steady9
 Romania * 600600 60152 Decrease32
 Uzbekistan * 600594600 59430 Decrease54
 Kenya * 600 585[45]-560[46]N/a
 Italy * 500600 58359584 Neutral decrease16
 Pakistan * 500 37723658 Decrease24
 Tunisia * 400400 40325 Decrease44
 Ukraine * 400395 487N/a
 Peru * 900700 985386[47]44 Increase24
 Denmark * 400365400 42555073 Increase14
 Thailand * 300300 293162 Neutral increase5
 Mongolia * 2572,43814 Steady50
 Bolivia * 200 57421018 Decrease30
 Cameroon * 200 247200[48][49]59 Decrease9
 Albania * 200 246150[50]-120[51][52]12 Decrease46
 Trinidad and Tobago * 200200 24283051 Steady11
 Belarus * 200198 24426 Decrease21
 Papua New Guinea * 200 10015832 Steady17
 DR Congo * 200 222180[53][54][55][56]16 Decrease31
 Bahrain *(OPEC+) 200 304186.5[57]-124.6[58][59][60]176 Neutral increase2
 Spain * 200 185150[61][62]N/a
 Niger * 200 147150[63][64][65]101 Increase4
 Chile * 150150 185150[66][67][68]2 Neutral decrease205
 Philippines * 139 172138.5[69]0.5 Steady758
 Germany * 100 38422932 Neutral increase9
 Netherlands * 100 19014121 Decrease13
 Cuba * 100 15312425 Decrease11
 Ivory Coast * 100 119100[70][71][72]55 Increase5
 Poland * 100 11415117 Steady16
 Myanmar * 100 625.6 Decrease49
 Afghanistan * 88 N/a
 Guatemala * 86 995.4 Decrease44
 France * 83 12510 Decrease23
 Serbia * 77 9611 Decrease19
 Croatia * 71 9071[73][74]9 Decrease22
 Japan * 44 543.1 Steady39
 New Zealand * 40 6641[75][76]7 Neutral increase16
 Kyrgyzstan * 40 4940[77][78]5.5 Neutral decrease20
 Austria * 35 598.8 Decrease11
 Georgia * 35 4335[79][80]0.2 Steady479
 Bangladesh * 28 353 Steady26
 Mauritania * 20 12320[81][82][83]N/a
 Estonia * 16[84][85]N/a
 Czech Republic * 15 1915[86]1.3 Decrease32
 Bulgaria * 15 1915[87][88][89]1 Steady41
 South Africa * 15 1915[90][91]0.4 Decrease 103
 Lithuania * 12 1515.7[92]–12[93]0.7 Steady54
 Hungary * 12 223523 Increase1
 Tajikistan * 12 1512[94][95]0.3 Steady110
 Israel * 12 21220 Increase2
 Greece * 10 1210[96][97]1.5 Steady18
 Slovakia * 9 11N/a
 Benin * 8 108[98]N/a
 Belize * 6 96.7[99][100]0.8 Steady23
 South Korea * 4.5[101]N/a
 Taiwan * 2.4 20.2 Steady33
 Barbados * 1 21 Steady3
 Jordan * 1 11N/a
 Morocco * 1 10.684[102]N/a
 Mozambique * 0 1515[103]N/a
 World1,720,0001,566,8691,732,400 1,740,26484,568~51

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

Notes
  1. ↑ Excludes oil sands

See also

[edit]

References

[edit]
  1. ↑ Barthels, Meghan (7 January 2026). "Why Does Venezuela Have So Much Oil? Geology". Scientific American.
  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. 1 2 "Full report – Statistical Review of World Energy 2021" (PDF). BP. Retrieved 10 August 2024.
  4. 1 2 "World Energy Review 2021" (PDF). eni.com. Eni. pp. 3–5. Retrieved 28 April 2026.
  5. ↑ "2022 OPEC Annual Statistical Bulletin" (PDF). OPEC. Archived from the original (PDF) on 25 April 2024. Retrieved 10 August 2024.
  6. ↑ "Interactive charts". Retrieved 10 August 2024.
  7. ↑ "Petroleum – The World Factbook". cia.gov. Archived from the original on 24 January 2021. Retrieved 10 August 2024.
  8. ↑ "Largest proved reserve holders of crude oil" (XLSX). eia.gov. 1 December 2021. Retrieved 10 August 2024.{{cite web}}: CS1 maint: url-status (link)
  9. ↑ "International – U.S. Energy Information Administration (EIA)". eia.gov. Retrieved 5 October 2023.
  10. ↑ "2025 OPEC Annual Statistical Bulletin" (PDF). Archived from the original (PDF) on 4 July 2025.
  11. ↑ "International – U.S. Energy Information Administration (EIA)". Energy Information Administration. Retrieved 1 May 2026.
  12. ↑ "GRAPHIC: 97% of Canada's 163 billion barrels of proven oil reserves are in Alberta's oil sands". Canadian Energy Centre. 7 February 2025. Retrieved 27 April 2026.
  13. ↑ "Iraq - Oil and Gas Equipment & Services". trade.gov. 2 November 2021.
  14. ↑ "Russia Oil reserves". TheGlobalEconomy.com.
  15. ↑ "EIA". eia.gov.
  16. ↑ "Turkey discovers over 20 billion barrels of oil in Somalia". The Tanzania Times. 8 May 2025. Retrieved 21 July 2026.
  17. ↑ Kenez, Levent (23 April 2025). "Turkey secures rights to 90 percent of oil and gas output in Somalia deal, document shows". Nordic Monitor. Retrieved 21 July 2026.
  18. ↑ "Sierra Leone to Highlight Offshore Licensing Opportunities, 2025 Drilling Plans at IAE Forum". energycapitalpower.com. 19 December 2024.
  19. ↑ "INTERVIEW: Sierra Leone eyes 2025 oil spud, new NOC following bid round". www.spglobal.com.
  20. ↑ Mwale, Winston (14 January 2025). "Sierra Leone Oil Chief to Showcase 44 Billion Barrel Potential".
  21. ↑ "Guyana's oil reserves remain at 11 billion barrels – Ministry clarifies SEC reporting framework". News Room. 25 February 2026. Retrieved 27 April 2026.
  22. ↑ "Norway Oil reserves". TheGlobalEconomy.com.
  23. ↑ Chang, Koang (9 February 2026). "South Sudan ranked 5th among Africa's top 10 oil-rich nations, New report reveals".
  24. ↑ "UN Report Exposes $2.2 Billion Oil Corruption Scheme in South Sudan". OilPrice.com.
  25. ↑ "Targeted Sectors". Archived from the original on 15 November 2019. Retrieved 10 July 2026.
  26. ↑ "Oil and Gas - American Chamber of Commerce in Egypt". www.amcham.org.eg. Retrieved 10 July 2026.
  27. ↑ "Energy Resource Guide - Egypt". trade.gov.
  28. ↑ "Egypt Oil reserves". TheGlobalEconomy.com.
  29. ↑ "Angola Oil and Gas Industry Growth". trade.gov. 22 July 2025.
  30. ↑ "Angola - Oil and Gas". trade.gov. 1 February 2024.
  31. ↑ "Energy production in Angola". EBSCO.
  32. ↑ "Angola - Oil and Gas". privacyshield.gov.
  33. ↑ "Colombia, on the verge of oil decline due to Petro's policies". Global Affairs and Strategic Studies.
  34. ↑ "Colombia - Oil and Gas Industry". 14 November 2014.
  35. ↑ "Colombia Oil reserves". TheGlobalEconomy.com.
  36. ↑ "Republic of the Congo's petroleum reserves". EBSCO.
  37. ↑ "Sudan has vast oil, gold and agricultural resources. Who controls them?". Al Jazeera.
  38. ↑ "Sudan Oil reserves - data, chart". TheGlobalEconomy.com.
  39. ↑ "Senegal launches US$100m onshore oil and gas plan after revoking inactive licenses". 13 February 2026.
  40. ↑ "OVERVIEW OF SENEGALESE ENERGY SECTOR" (PDF). Ministère de l'Energie, du Pétrole et des Mines. 21 September 2023. Retrieved 27 April 2026.
  41. ↑ "Oil in Timor-Leste". laohamutuk.org. 21 November 2005.
  42. ↑ "Energy Circle". energycircle.org.
  43. ↑ "Ghana Oil reserves". TheGlobalEconomy.com.
  44. ↑ "Oil proved reserves - Ghana". statbase.org.
  45. ↑ "Upstream – National Oil Corporation of Kenya".
  46. ↑ "The Viability of Turkana Oil".
  47. ↑ "BNamericas - Peru's proven crude oil reserves increase, g..." BNamericas.com.
  48. ↑ "Cameroon Oil reserves". TheGlobalEconomy.com.
  49. ↑ "Oil proved reserves – Cameroon". statbase.org.
  50. ↑ "Albania Oil reserves". TheGlobalEconomy.com.
  51. ↑ "Energy Circle". energycircle.org.
  52. ↑ "Albania - Oil and Gas". privacyshield.gov.
  53. ↑ "DRC Seeks to Unlock Estimated 5 Billion Barrels of Oil". energycapitalpower.com. 1 March 2024.
  54. ↑ "HYDROCARBON". 3 July 2018.
  55. ↑ "Democratic Republic of the Congo - Oil & Gas". trade.gov. 14 March 2024.
  56. ↑ "Oil proved reserves - Congo DR". statbase.org.
  57. ↑ "Bahrain, Oil proved reserves". statbase.org.
  58. ↑ "Bahrain - Oil and Gas". trade.gov. 1 December 2025.
  59. ↑ "Bahrain's Biggest Oil Find Since 1932 Dwarfs Reserves". demac.com.
  60. ↑ "Bahrain - Oil and Gas Industry". 21 November 2014.
  61. ↑ "Spain Oil reserves". TheGlobalEconomy.com.
  62. ↑ "Spain – Crude Oil Reserves". countryeconomy.com.
  63. ↑ "Niger - Economy - Oil - proved reserves". Archived from the original on 19 February 2005. Retrieved 10 July 2026.
  64. ↑ "Niger Oil reserves". TheGlobalEconomy.com.
  65. ↑ "Niger - Crude Oil Reserves 2021". countryeconomy.com.
  66. ↑ "Not Found". Archived from the original on 2 July 2004.
  67. ↑ "Energy and CO2 in Chile". Worlddata.info.
  68. ↑ "Chile - Crude Oil Reserves 2021". countryeconomy.com.
  69. ↑ "Philippines – Crude Oil Reserves 2021". countryeconomy.com.
  70. ↑ "Cote d'Ivoire - Oil/Gas Field Equipment". privacyshield.gov.
  71. ↑ "Oil proved reserves - Cote d'Ivoire". statbase.org.
  72. ↑ "Ivory Coast Oil reserves". TheGlobalEconomy.com.
  73. ↑ "Croatia - Economy - Oil - proved reserves". Archived from the original on 4 July 2004. Retrieved 10 July 2026.
  74. ↑ "Croatia - Crude Oil Reserves 2021". countryeconomy.com.
  75. ↑ "Oil proved reserves - New Zealand". statbase.org.
  76. ↑ "New Zealand - Crude Oil Reserves 2021". countryeconomy.com.
  77. ↑ "Oil proved reserves - Kyrgyz Republic". statbase.org.
  78. ↑ "Kyrgyzstan - Crude Oil Reserves 2021". countryeconomy.com.
  79. ↑ "Oil proved reserves – Georgia". statbase.org.
  80. ↑ "Georgia – Crude Oil Reserves 2021". countryeconomy.com.
  81. ↑ "Mauritania's energy consumption". EBSCO.
  82. ↑ "Oil proved reserves – Mauritania". statbase.org.
  83. ↑ "Mauritania – Crude Oil Reserves 2021". countryeconomy.com.
  84. ↑ "About oil shale - TalTech". taltech.ee. 22 February 2021.
  85. ↑ "Energy industry in Estonia". aenert.com.
  86. ↑ "Energy industry in the Czech Republic". aenert.com.
  87. ↑ "Energy and CO2 in Bulgaria". Worlddata.info.
  88. ↑ "Oil proved reserves – Bulgaria". statbase.org.
  89. ↑ "Bulgaria – Crude Oil Reserves 2021". countryeconomy.com.
  90. ↑ "Upstream Oil & Gas in South Africa". saoga.org.za.
  91. ↑ "Oil proved reserves – South Africa". statbase.org.
  92. ↑ "Lietuvos naftos gavybos paslaptys: mažėja išgaunamas kiekis". JONAVOS ŽINIOS (in Lithuanian). Retrieved 22 September 2025.
  93. ↑ "Lithuania – Crude Oil Reserves 2021". countryeconomy.com.
  94. ↑ "Oil proved reserves – Tajikistan". statbase.org.
  95. ↑ "Tajikistan – Crude Oil Reserves 2021". countryeconomy.com.
  96. ↑ "Greece Oil reserves". TheGlobalEconomy.com.
  97. ↑ "Greece – Crude Oil Reserves 2021". countryeconomy.com.
  98. ↑ "Benin – Crude Oil Reserves". countryeconomy.com.
  99. ↑ "Belize Oil - proved reserves - Economy". Archived from the original on 20 November 2008. Retrieved 10 July 2026.
  100. ↑ "Belize - Crude Oil Reserves 2021 | countryeconomy.com". countryeconomy.com.
  101. ↑ Park, Ju-min; Kim, Jacj (3 June 2024). "South Korea's Yoon says vast amount of oil, gas reserve possible off east coast". Reuters. Retrieved 30 April 2026.
  102. ↑ "Energy and CO2 in Morocco". Worlddata.info.
  103. ↑ "Mozambique - Oil and Gas Industry - The Energy Year". 21 November 2014.
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