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
Croatia's plans to allow oil digging in Adriatic Sea splits the newest EU-member nation
FOX News - 5/28/2015 6:46:18 AM
The decision has deeply split the European Union's newest member state of some 4.3 million, a country still scarred by the 1990s ... There is little doubt that there are oil and gas reserves in the area. In neighboring Italy, dozens of offshore platforms ...
Chevron says output from joint oil field remains shut
Arab News - 5/28/2015 7:10:45 PM
Crude output is divided equally between the two countries. It survived the nationalization of the Saudi oil industry in the 1970s. Since then, Saudi reserves of 264 billion barrels, about a fifth of the world’s proven oil reserves, have been off limits ...
Russia, Venezuela Oil Firms Reach $14B Oil, Gas Production Deal
HNGN - 5/28/2015 2:31:35 PM
The state-owned oil companies of Russia and Venezuela have agreed to a $14 billion project to double oil and gas output in the South American country's rich Orinoco ... some of the largest crude oil reserves in the world. "The alliance has allowed the ...
OPEC Sees Rivals Boosting Oil Output Despite Weak Prices
NDTV - 5/28/2015 10:56:50 AM
But shale oil production has proved ... The world's liquids resources are sufficient to meet any expected increase in demand over the next few decades," it said. "With plenty of oil still left in familiar locations, forecasts that the world's reserves ...
15 countries with biggest oil reserves
Rediff India Abroad - 10/17/2011 11:53:42 PM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
Iran to pump 170,000 bpd crude oil to boost production
customstoday.com.pk - 5/28/2015 6:17:40 AM
Development of joint oil and gas fields is a priority of the Iranian government. In April, Iranian Oil Minister Bijan Namdar Zanganeh said it will take just a few months for the country ... crude oil reserves, Iran possesses the world’s fourth largest ...
Flame-out in oil-rich Canadian oilfields
biznews.com - 5/28/2015 5:34:43 AM
Canada, the world’s fifth-largest crude supplier, produces most of its oil from the oil-sands reserves of northern Alberta. The country will produce about 2.3 million barrels a day from the oil sands this year, according to the Canadian Association of ...
How a Geneva-based commodity trader became the largest exporter of Russian oil
businessinsider.in - 5/28/2015 10:49:41 AM
Given that Russia is currently the world ... oil exporting countries and increasing the likelihood of oil company defaults. Worse, the way that commodity producers attempt to hedge the risk of falling prices through oil derivatives markets has also proven ...
OGA 2015: Fuelling the Region's Oil & Gas Growth
Market Watch - 5/28/2015 6:10:30 AM
About 2,107 companies from more than 50 countries ... the world's energy challenges. It is a priceless opportunity to exchange ideas and share knowledge on the industry's best practices, and keep abreast of the latest developments in the world of Oil ...
The World's Biggest Oil Reserves
CNBC - 8/22/2011 11:55:41 PM
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves. Click ahead for the list.
Blaze in Canada cuts oil-sands output 10%
Arkansas Online - 5/28/2015 6:03:21 AM
A provincewide ban was imposed on campfires in forests. Canada, the world's fifth-largest crude supplier, produces most of its oil from the oil-sands reserves of northern Alberta. The country will produce about 2.3 million barrels a day from the oil sands ...
NatureGreen Introduces New Range Of Fish Oil Omega-3 With Optimum Amount Of DHA And EPA Acids
MENAFN - 5/28/2015 6:24:49 AM
(MENAFN Press) (EMAILWIRE.COM, May 27, 2015 ) Cape Girardeau, MO -- In today's fast paced world ... Fish oil is considered to be the richest source of omega-3. The Omega-3's anti-inflammatory properties has been proven by studies in reducing the risk ...
Wildfire spreads closer to Canada’s oil sands: hundreds evacuated
Mining - 5/28/2015 8:08:01 PM
"The wildfire outlook in Alberta continues to be severe." Canada is the world’s fifth-largest oil supplier and most this crude from the oil sands reserves of northern Alberta. The country is forecast to produce 2.3 million barrels a day from the sands ...
No Peak Oil: Proved US Oil And Gas Reserves Continue To Increase
The Daily Caller - 12/4/2014 6:42:05 PM
It was only four years ago that economist and New York Times Columnist Paul Krugman sounded the alarm on peak oil, lamenting that high oil and commodity prices reflect the fact that we live in a “finite world ... that proved U.S. oil reserves have ...