Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). 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.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - proved reserves map
Top 10 Oil Richest Countries in the World
explorationworld.com - 3/3/2015 5:15:01 AM
The UAE was also the first country in the Middle East to export liquefied natural gas. 6. Kuwait – 104.00 billion barrels in proved reserves At about 2.8 billion barrels of oil per day, Kuwait was the tenth largest producer of oil in the world in 2012.
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
Venezuela: A Closer Look at the Oil Economy of Venezuela
Live Trading News - 2/28/2015 11:40:57 PM
Venezuela contains some of the largest oil and natural gas proven reserves in the world. In 2013, Venezuela was the third ... About 90% of Venezuela’s natural gas is found associated with oil but the country is looking to locate and produce more natural ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 11:08:10 PM
The EIA publishes Annually a list of World ... the country possesses. Even the US has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report US 2014 reserves. Most of this increase is light tight oil reserves ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
countries, it stated. However, OPEC nations continue to overshadow the world in terms of reserves, holding more than 80 per cent of the world’s proven oil reserves, according to current estimates. The bulk of OPEC oil reserves – 66 per cent – are in ...
One of the world's largest oil producing countries is running out of gasoline
businessinsider.in - 3/3/2015 5:10:51 PM
One of the world's largest oil producers is running out of gasoline ... have been magnified by the plunge in global oil prices and the country's currency, leading to the buying freeze. "It's a mess for financing ... I don't think there is enough product ...
Oil Prices Gain in Volatile Trade
Wall Street Journal - 3/5/2015 11:17:43 AM
China, the world ... related to 11 oil fields in the center of the country, saying it was no longer able to ensure security at the sites after attacks by Islamic State militants. Libya, which is home to Africa’s largest oil reserves, has been mired ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves ... adding 11.5 billion barrels of proved reserves since 2009. They did not report U.S. 2014 reserves. Most of this increase is light tight oil reserves, but some reserves have been added to ...
The price of oil is about to blow a hole in corporate accounting
Financial Post - 3/4/2015 3:22:17 PM
There’s one place in the world where oil is still US$95 a barrel ... Most shale drillers are reporting increases in what’s known as proved reserves. The SEC requires oil producers to submit an annual tally, along with an estimate of the present ...
SEC to Oil Companies: Ignore Reality
Uncommon Wisdom Daily - 3/4/2015 4:33:52 PM
There’s one place in the world where oil is still $95 a barrel. On paper. The U.S. Securities and Exchange Commission requires drillers to calculate the value of their oil reserves every ... American Eagle (AEO) proved the task isn’t impossible ...
Sino Gas and Energy increases China gas reserves
MENAFN - 3/3/2015 7:52:30 AM
Sino Gas and Energy (ASX:SEH) has increased Proved Reserves at its production sharing ... Mar 3 2015 - Risks of weaker oil prices may be underestimated in exporting countries: S&P, Gulf Times (MENAFN - Gulf Times) The global contagion of weaker crude ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
Oil and gas have made Qatar one of the highest per-capita income countries, and one of the world's fastest growing. Qatar's proved reserves of natural gas are nearly 26 trillion cubic metres, about 14% of the world total and the third largest in the world.
ConocoPhillips CEO Tells U.S. Chamber of Commerce Members that Crude Oil Exports Can Help Sustain the Domestic Benefits of the Energy Renaissance
Financial Content - 3/3/2015 12:53:09 PM
The resulting price discounts on domestic light oil sold to refiners, combined with weak world oil prices ... on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $53 billion ...
Crude Oil: Abundance wins over depletion theory
Commodity Online - 2/26/2015 10:50:13 AM
Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total. Adding to the Oilprice.com list, Forbes named Majnoon in Iraq, Khuzestan (also ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves ... What follows is a look at the top 10 oil companies in the world based on proved reserves. Proved reserves, by definition, are those that have a “reasonable certainty” of being extracted ...