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, 2014See also: Oil - proved reserves map
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 10:08:03 AM
The country has been one of the largest exporters of crude ... and coal represents less than 1%. Venezuela had the world’s largest proved oil reserves in 2014. In 2014, Venezuela had 298 billion barrels of proved oil reserves, the largest in the world.
Iran’s Oil Reserves Await Reentry into Global Market
marketpulse.com - 11/26/2015 2:20:21 AM
In a remote corner of Iran, engineers are working round the clock to return the country to the top ranks of global oil producers. The region of Southwest Iran boasts more proven reserves of oil than Africa’s largest producer, Nigeria, and its 60 billion ...
A Review of Proven Oil and Gas Reserves for Indonesia and Others
Market Realist - 11/27/2015 1:36:12 AM
The report put Indonesia’s proven gas reserves at 2.9 trillion cubic meters until 2014. Gas is also a vital part of the world’s energy requirements. In comparison, Saudi Arabia has 8.2 trillion cubic meters of proven gas reserves. The line chart above ...
The tug of war between OPEC and North American oil producers is tightening.
US News and World Report - 11/26/2015 12:18:39 AM
The Energy Information Administration reported this week that U.S. crude oil proven reserves increased in 2014 for the sixth ... and efforts to cooperate with all OPEC and non-OPEC countries to maintain the stability of the market and prices," the cabinet ...
Iran seeks $30bn of new oil contracts
BBC - 11/30/2015 2:51:23 AM
Iran is gearing up for the lifting of sanctions following the nuclear deal with six world powers in July. The country has some of the biggest oil and gas reserves in the world. The new contracts were announced at a conference in Tehran attended by many of ...
The American energy story Obama won’t tell the world
Reuters - 11/30/2015 3:27:11 AM
President Barack Obama is poised to repeat his history of weak-handed negotiations on the world ... countries gather in Paris on Monday to consider an international response to climate change. According to the president, rejecting the Keystone XL oil ...
As oil falls, Iran races to drill for more
NASDAQ - 11/28/2015 5:52:43 AM
Officials from the country expect all banking and economic sanctions to be lifted within five weeks and then the flood of money will come. That will be followed by a flood of oil as Iran taps the world's fourth-largest proven reserves. Officials from Iran ...
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 ... reserves 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 ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
And proven oil reserves are those that claim to have a reasonable ... 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 ...
Iran woos oil and gas giants at its biggest industry event
Al Bawaba - 11/29/2015 8:57:39 AM
“Now, it is an appropriate time for the oppressive sanctions against Iran to be lifted and once again it is proved that sanctions ... prospects of big businessin a country which owns the world's largest oil and gas reserves combined when sanctions ...
OPEC: Proven crude oil reserves in Member Countries reached 1,206 bn barrels by end of 2014.
wam.ae - 11/23/2015 5:30:01 AM
OPEC Member Countries petroleum products exports in 2014 stood at 4.5m b/d, while during the same year the imports were at 1.6m b/d, up 1.4 per cent year-on-year. World proven crude oil reserves stood at 1,492.9 billion barrels at the end of 2014 ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves ... largest proved reserves of oil in the world, Iran has the distinction ...
Venezuela Oil Price Barely Budges Off 6 Year Low
Latin American Herald Tribune - 11/30/2015 4:53:05 AM
Oil is the main export of Venezuela and provides most of the country's foreign currency ... Venezuela had nearly 298 billion barrels of proved oil reserves, the largest in the world. The next largest proved oil reserves are in Saudi Arabia with 266 ...
Here's How Much Oil The World's Biggest Oil Players Are Sitting On
The Business Insider - 12/18/2014 11:51:46 AM
This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the biggest oil-producing countries around the world. Despite Saudi Arabia's huge reserves, RBC writes that "a policy of keeping prices low for the prolonged period ...