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
India to commission 5-mt underground oil storages by October
Economic Times - 1/31/2015 8:50:44 AM
The caverns are being developed by Indian Strategic Petroleum Reserves ... in the world after the US, China and Russia — depends on imports for more than 80% of crude oil it processes for domestic consumption. At present, the country can store crude ...
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 by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
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.
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 ...
Breaking News: Oil Really is the Main Reason One Country Interferes in another Country’s Civil War
AllGov - 1/31/2015 2:27:10 PM
It’s commonly assumed that oil is a major reason countries go to war. Researchers have now confirmed this assumption, showing that the likelihood of a third country butting its nose into a civil war is related to the amount of petroleum reserves in a ...
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 of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. (click to enlarge) Even the U.S. has gotten in on ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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 ...
Are Crude Conspiracies Right? Research Shows Nations Really Do Go to War Over Oil
econintersect.com - 1/31/2015 9:19:22 AM
Oil, or the lack of oil, is also said to be behind the absence of intervention in Syria now and in Rwanda in 1994. Follow up: This of course clashes with the rhetoric around intervention, or its stated goal. No world ... How a country’s oil reserves ...
Everything Has Changed: Oil And The End Of OPEC
Energy Trends Insider - 1/20/2015 8:59:37 PM
Fourteen years later, while Americans were eating or sleeping off their Thanksgiving meals, the twelve members of the Organization of Oil Producing Countries (OPEC ... owner of more than 16% of the world’s proved oil reserves, about its view of the ...
Iraqi Oil Production Still Climbing, Despite ISIS Offensive
mycentraloregon.com - 1/31/2015 12:58:17 AM
The gains are significant enough that processing and export facilities in Iraq are still hitting bottlenecks, according to the agency. Iraq has the fifth largest proved crude oil reserves in the world, and it is the second-largest crude oil producer in OPEC.
The conspiracy theorists are right. Research shows nations really do go to war over oil.
Washington Post - 1/28/2015 7:17:04 PM
No world ... No country joins another country’s civil war without balancing the cost against their own strategic interests and what possible benefits there are. We found countries producing lots of oil or those with higher reserves (and considerable ...
Who Gains and Who Loses from Plunging Oil Prices in the Middle East and North Africa Region?
The World Bank - 1/28/2015 11:56:14 PM
Yet to protect its currency and compensate for the drop in oil revenues, Yemen has been drawing on its foreign reserves. The country currently has enough to cover 4.6 months of imports, down from 5.1 months in September. This downward trend is likely to ...
India Shores Up Strategic Oil Reserves Amid Falling Oil Prices!
Pakistan Defence - 1/28/2015 6:31:08 AM
This would be the first time the country is storing crude oil and the amount will be 1.03 million tonnes. Strategic reserves are seen as vital for ... Friday and his brother Salman became king of the world’s top oil exporter. Brent crude futures were ...