List of countries by proven oil reserves

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A map of world oil reserves, January 2014.
Trends in proved oil reserves in top five countries, 1980-2013 (date from US Energy Information Administration)

This is a list of countries by proven oil reserves.

Methodology[edit]

Proved 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 and there are different types of oil, ranging from cheap and easy to recover oils to shale oil or oil sands, which are more expensive and difficult to recover. For example, in the list below, Australia's total amount of oil does not include the shale oil [1]

Because proven reserves includes oil recoverable under current economic conditions, nations may see large increases in proved 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).

CountryReserves (MMbbl)
 OPEC1,112,448 - 1,199,707
1 Venezuela (see: Oil reserves in Venezuela)297,570[2]
2 Saudi Arabia (see: Oil reserves in Saudi Arabia)267,910
3 Canada (see: Oil reserves in Canada)173,625 - 175,200
4 Iran (see: Oil reserves in Iran)157,300[3]
5 Iraq (see: Oil reserves in Iraq)140,300[4]
6 Kuwait (see: Oil reserves in Kuwait)104,000[2]
7 United Arab Emirates (see: Oil reserves in the United Arab Emirates)97,800
8 Russia (see: Oil reserves in Russia)80,000[2]
9 Libya (see: Oil reserves in Libya)48,014
10 Nigeria (see: Oil reserves in Nigeria)37,200
11 Kazakhstan30,002
12 United States (see: Oil reserves in the United States)26,544[5]
13 China25,585
14 Qatar25,382
15 Brazil13,986
16 Mexico (see: Oil reserves in Mexico)10,264[2]
17 Algeria12,200
18 Angola10,470
19 India9,043
20 Ecuador8,240
21 Azerbaijan7,000
22 Norway6,900
23 United Kingdom6,900
 European Union(Excluding the UK)6,700
24 Malaysia5,800
25 Oman5,500
26 Ghana (see: Oil reserves in Ghana)5,000
27 Egypt4,500
28 Vietnam4,400
29 Australia4,158
30 Indonesia3,990- 4,118
31 Gabon3,700
32 Yemen3,000[6][7]
33 Argentina2,805
34 Sudan2,800
35 Syria2,500
36 Mongolia2,493
37 Colombia2,377
38 Congo, Republic of the1,940
39 Equatorial Guinea1,705
40 Chad1,500
41 Peru1,240
43 Brunei1,200
44 Uganda1,000
45 Denmark900
46 Trinidad and Tobago830
47 Romania650
47 Turkmenistan600
48 Uzbekistan594
49 East Timor554
50 Bolivia465
51 Thailand442
52 Tunisia425
53 Italy400
54 Ukraine395
55 Pakistan313
56 Netherlands310
57 Germany276
58 Turkey262
59 Cameroon200
60 Albania199
61 Belarus198
62 Congo, Democratic Republic of the180
63 Cuba (see: Oil reserves in Cuba)124[2]
64 Papua New Guinea170
65 Philippines168
66 New Zealand166
66 Chile150
68 Spain150
69 Bahrain125
70 France101
71 Ivory Coast100
72 Mauritania100
73 Poland96
74 Austria89
75 Guatemala83
76 Afghanistan80[8]
77 Suriname79
78 Serbia77
79 Croatia66
80 Burma50
81 Japan44
82 Kyrgyzstan40
83 Georgia35
84 Hungary26
85 Bangladesh28
86 Bulgaria15
87 South Africa15
88 Czech Republic15
89 Lithuania12
90 Tajikistan12
91 Greece10
92 Slovakia9
93 Benin8
94 Belize7
95 Taiwan2
96 Israel2
97 Barbados2
98 Jordan1
99 Morocco0.7
100 Ethiopia0.4
101 Bahamas0[2]
-Total World (2011)[9]1,481,526

See also[edit]

References[edit]

  1. ^ http://www.greenpeace.org/australia/news-and-events/media/releases/climate-change/climate-changing-shale-oil-ind
  2. ^ a b c d e f US Energy Information Administration, International energy statistics, (proved reserves as of 2013).
  3. ^ http://www.opec.org/opec_web/en/data_graphs/330.htm
  4. ^ http://www.opec.org/opec_web/en/data_graphs/330.htm
  5. ^ US Energy Information Administration, International energy statistics, (proved reserves as of 2012).
  6. ^ "Oil and gas in Yemen". NOREF peacebuilding. Retrieved 25 December 2013. 
  7. ^ "Energy and Minerals in Yemen". US Energy information Administration. Retrieved 24 December 2013. 
  8. ^ "Minerals in Afghanistan". USGS Minerals gov. Retrieved 24 December 2013. 
  9. ^ "OPEC: World proven crude oil reserves by country, 1960-2011". Opec.org. Retrieved 2013-09-21.