List of countries by proven oil reserves

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A map of world oil reserves, 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).

Country Reserves (MMbbl)
 OPEC 1,112,448–1,199,707
1  Venezuela (see: Oil reserves in Venezuela) 297,740[1]
2  Saudi Arabia (see: Oil reserves in Saudi Arabia) 268,350[1]
3  Canada (see: Oil reserves in Canada) 173,625–175,200
4  Iran (see: Oil reserves in Iran) 157,300[2]
5  Iraq (see: Oil reserves in Iraq) 140,300[2]
6  Kuwait (see: Oil reserves in Kuwait) 104,000[1]
7  UAE (see: Oil reserves in the United Arab Emirates) 97,800
8  Russia (see: Oil reserves in Russia) 80,000[1]
9  Libya (see: Oil reserves in Libya) 48,014
10  Nigeria (see: Oil reserves in Nigeria) 37,200
11  United States (see: Oil reserves in the United States) 36,420[3]
12  Kazakhstan 30,002
13  China 25,585
14  Qatar 25,382
15  Brazil 13,986
16  Angola 10,470
17  Mexico (see: Oil reserves in Mexico) 10,364[1]
18  Algeria 9,940
19  Azerbaijan 7,000
19  Ecuador 7,000
21  Norway 6,900
21  United Kingdom 6,900
 European Union 6,700
23  Malaysia 5,800
24  India 5,650–5,710[1][4][5]
25  Oman 5,500
26  Ghana (see: Oil reserves in Ghana) 5,000
27  Egypt 4,500
28  Vietnam 4,400
29  Australia 4,158
30  Indonesia 3,990–4,118
31  Gabon 3,700
32  Myanmar 3200
32  Yemen 3,000[6][7]
33  Sudan 2,800
34  Syria 2,500
35  Mongolia 2,493
36  Colombia 2,377
37  Argentina 2,330[8]
38  Congo, Republic of the 1,940
39  Equatorial Guinea 1,705
40  Chad 1,500
41  Peru 1,240
42  Brunei 1,200
43  Uganda 1,000
44  Denmark 900
45  Trinidad and Tobago 830
46  Romania 650
47  Turkmenistan 600
48  Uzbekistan 594
49  East Timor 554
50  Thailand 442
51  Tunisia 425
52  Italy 400
53  Ukraine 395
54  Pakistan 313
55  Netherlands 310
56  Germany 276
57  Turkey 262
58  Cameroon 200
58  Bolivia 200[1]
60  Albania 199
61  Belarus 198
62  Congo, Democratic Republic of the 180
63  Cuba (see: Oil reserves in Cuba) 124[1]
64  Papua New Guinea 170
65  Philippines 168
66  New Zealand 166
67  Chile 150
67  Spain 150
69  Bahrain 125
70  France 101
71  Ivory Coast 100
71  Mauritania 100
73  Poland 96
74  Austria 89
75  Guatemala 83
76  Afghanistan 80[9]
77  Suriname 79
78  Serbia 77
79  Croatia 66
81  Japan 44
82  Kyrgyzstan 40
83  Georgia 35
84  Hungary 26
85  Bangladesh 28
86  Bulgaria 15
86  South Africa 15
86  Czech Republic 15
89  Lithuania 12
99  Tajikistan 12
91  Greece 10
92  Slovakia 9
93  Benin 8
94  Belize 7
95  Taiwan 2
95  Israel 2
95  Barbados 2
98  Jordan 1
99  Morocco 0.7
100  Portugal 0.54[10]
101  Ethiopia 0.4
- World total (2011)[11] 1,481,526

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[12] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[13] 4.2 157.5 80.0 266.6 36.5 300.0
US Central Intelligence Agency[14] 171.0 157.8 103.2 268.3 36.5 298.4
US Energy Information Administration[15] 172.5 157.8 80.0 268.3 39.9 298.4

See also[edit]

References[edit]

  1. ^ a b c d e f g h US Energy Information Administration, International energy statistics, (proven reserves as of 2014).
  2. ^ a b "OPEC Share of World Crude Oil Reserves". opec.org. Retrieved 19 January 2015. 
  3. ^ US Energy Information Administration, International energy statistics, (proven reserves as of 2013).
  4. ^ OPEC Statistical Bulletin, Proven oil reserves (as of 31 Dec. 2013), accessed 29 November 2014.
  5. ^ "Statistical Review of World Energy June 2014" (PDF). BP. Archived from the original (PDF) on 28 June 2015. Retrieved 9 November 2015. 
  6. ^ "Oil and gas in Yemen" (PDF). NOREF peacebuilding. Retrieved 25 December 2013. 
  7. ^ "Energy and Minerals in Yemen". US Energy information Administration. Retrieved 24 December 2013. 
  8. ^ Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m3 (proven reserves as of 2013)
  9. ^ "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013. 
  10. ^ http://www.globalfirepower.com/proven-oil-reserves-by-country.asp
  11. ^ "OPEC: World proven crude oil reserves by country, 1960–2011". Opec.org. Retrieved 21 September 2013. 
  12. ^ BP Statistical Review of World Energy, 2015
  13. ^ OPEC Statistical Bulletin, 2015.
  14. ^ World Factbook, US Central Intelligence Agency, 2015.
  15. ^ US Reserves: Curde Oil and Lease Condensate, US EIA.