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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)
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)
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 (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 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, 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[1] 168.1 157.8 145.0 107.8 297.5 68.8 303.8
OPEC[2][3] 5.0 208.6 145.0 80.0 267.2 38.8 303.5
US CIA[4] 170.3 208.6 145.0 80.0 258.6 38.2 303.8
US EIA[5] 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 EIA
[6]
OPEC
[7]
BP
[8]
Others Oil production
Feb 2025 (bbl/day)[9]
Years of
production
in reserve
 Venezuela *(OPEC) 304,000 303,220 303,800 940,000 885
 Saudi Arabia *(OPEC) 267,000 267,230 297,600 9,070,000 81
 Iran *(OPEC) 209,000 208,600 155,600 4,270,000 134
 Iraq *(OPEC) 201,000 145,020 175,000 4,331,000 127
 Canada * 170,000 4,731 172,200 171,000 4,783,000 97
 United Arab Emirates *(OPEC) 113,000 113,000 97,800 3,420,000 90
 Kuwait *(OPEC) 102,000 101,500 101,500 2,525,000 111
 Russia *(OPEC+) 80,000 80,000 107,800 9,795,000 22
 United States * 74,000 55,251 68,800 48,000 13,159,000 15
 Libya *(OPEC) 50,000 48,773 48,800 42,000 1,348,000 102
 Nigeria *(OPEC) 37,000 37,500 37,100 1,580,000 64
 Kazakhstan *(OPEC+) 30,000 30,000 30,000 2,132,000 39
 Somalia * 30,000 30,000 30,000 0
 China * 26,000 27,000 26,000 4,340,000 16
 Qatar * 25,000 25,244 25,244 1,322,000 52
 Brazil *(OPEC+) 13,000 12,634 13,000 16,848 3,488,000 10
 Algeria *(OPEC) 12,000 12,200 12,200 1,160,000 28
 Guyana * 11,000 11,000 625,000 48
 Ecuador 8,300 8,273 8,000 469,000 48
 Norway * 8,100 7,573 8,500 1,733,000 13
 Angola * 7,800 2,550 7,800 1,065,000 20
 Azerbaijan *(OPEC+) 7,000 7,000 7,000 581,000 33
 Mexico *(OPEC+) 6,000 5,558 10,800 9,700 1,711,000 9.6
 Oman *(OPEC+) 5,400 5,373 5,300 986,000 15
 India * 4,600 4,495 5,680 4,409 607,000 21
 Vietnam * 4,400 4,400 4,000 172,000 70
 South Sudan(OPEC+) 3,800 3,500 80,000 130
 Malaysia *(OPEC+) 3,600 3,600 3,600 5,542 485,000 20
 Egypt * 3,300 4,400 3,500 508,000 18
 Yemen * 3,000 3,000 15,000 548
 Argentina * 3,000 2,838 2,500 745,000 11
 Congo * (OPEC) 2,900 1,811 2,900 242,000 33
 United Kingdom * 2,500 1,800 2,800 2,618 660,000 10
 Syria * 2,500 2,500 2,500 35,000 196
 Uganda * 2,500 230,000 35
 Indonesia * 2,500 2,250 3,600 3,497 577,000 12
 Australia * 2,400 1,803 4,000 4,002 235,000 28
 Suriname 2,400 2,400 2,400 12,000 548
 Colombia * 2,000 2,040 2,300 756,000 7.2
 Gabon *(OPEC) 2,000 2,000 2,000 220,000 25
 Chad * 1,500 1,500 128,000 32
 Turkey * 1,400 1350 124,000 31
 Sudan *(OPEC+) 1,300 5,000 1,500 40,000 89
 Brunei *(OPEC+) 1,100 1,100 1,100 107,000 28
 Equatorial Guinea *(OPEC) 1,100 1,100 1,100 88,000 34
 Peru * 900 1,400 1,489 46,000 54
 Ghana * 700 186,000 10
 Romania * 600 600 53,000 31
 Turkmenistan * 600 600 600 191,000 8.6
 Uzbekistan * 600 594 600 30,000 55
 Pakistan * 500 236 68,000 20
 Italy * 500 600 595 93,000 15
 Denmark * 400 439 600 550 55,000 20
 Tunisia * 400 400 26,000 42
 Ukraine * 400 400 34,000 32
 Thailand * 300 400 158,000 5.2
 Trinidad and Tobago * 200 700 830 50,000 11
 Bolivia * 200 210 18,000 30
 Cameroon * 200 60,000 9
 Belarus * 200 198 26,000 21
 Bahrain *(OPEC+) 200 182,000 3.0
 DR Congo * 200 14,000 39
 Papua New Guinea * 200 158 29,000 19
 Albania * 200 12,000 46
 Chile * 200 2,100 261
 Niger * 200 88,000 6
 Spain * 200
 Myanmar * 100 6,800 40
 Philippines * 100 900 304
 Netherlands * 100 141 22,000 12
 Cuba * 100 124 26,000 10.5
 Germany * 100 229 32,000 8.6
 Poland * 100 151 18,000 15
 Ivory Coast * 100 68,000 4.0
 Guatemala * 86 5,600 42
 Serbia * 77 12,000 18
 Croatia * 71 9,200 21
 France * 61 10,000 17
 Japan * 44 3,400 35
 New Zealand * 40 7,200 15
 Kyrgyzstan * 40 5,700 19
 Austria * 35 9,000 11
 Georgia * 35 200 479
 Bangladesh * 28 3,000 26
 Mauritania * 20
 Bulgaria * 15 1,000 41
 Czech Republic * 15 15.0 1,300 32
 South Africa * 15 15 500 82
 Israel * 12 12 18,000 1.8
 Hungary * 12 35 24,000 1.4
 Lithuania * 12 700 47
 Tajikistan * 12 300 110
 Greece * 10 1,500 18
 Slovakia * 9 100 247
 Benin * 8
 Belize * 6 800 21
 Taiwan * 2 200 27
 Barbados * 1 1,000 2.7
 Jordan * 1 1 100 27
 Morocco * 1
 World 1,720,000 1,585,187 1,793,424 82,431,000 57

* 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. ^ "Full report – Statistical Review of World Energy 2021" (PDF). BP. Retrieved 10 August 2024.
  2. ^ "2022 OPEC Annual Statistical Bulletin" (PDF). OPEC. Retrieved 10 August 2024.
  3. ^ "Interactive charts". asb.opec.org. Retrieved 10 August 2024.
  4. ^ "Petroleum - The World Factbook". www.cia.gov. Retrieved 10 August 2024.
  5. ^ "Largest proved reserve holders of crude oil" (XLSX). eia.gov. 1 December 2021. Retrieved 10 August 2024.
  6. ^ "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 5 October 2023.
  7. ^ 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.
  8. ^ "Statistical Review of World Energy" (PDF). www.bp.com. 8 June 2016. Retrieved 23 October 2023.
  9. ^ https://www.eia.gov/international/data/world/petroleum-and-other-liquids/annual-petroleum-and-other-liquids-production?pd=5&p=00000000000000000000000000000000002&u=0&f=M&v=mapbubble&a=-&i=none&vo=value&vb=173&t=C&g=00000000000000000000000000000000000000000000000001&l=249-ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvnvvvs0008&s=94694400000&e=1738368000000&ev=true. Retrieved 16 June 2025. {{cite web}}: Missing or empty |title= (help)