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
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Using data from British Petroleum’s 2013 statistical review of world energy, we calculated the countries with the largest reserves in three key fossil fuel categories—oil, coal, and natural gas. We then calculated the total value of the reserves by ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 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 ...
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 ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... disposition of the 10 biggest oil producers. Another important indicator is the reserves-to-production (R/P) ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries ... of proven oil reserves, or ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Businessweek - 6/14/2012 5:27:40 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion barrels at ...
The Truth About The Worlds Oil Reserves: In Depth Look
Value Walk - 3/19/2012 12:37:09 PM
According to current estimates, more than 80% of the world’s proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65% of the OPEC total. OPEC Member Countries have made significant ...
How long will world's oil reserves last? 53 years, says BP
The Christian Science Monitor - 7/14/2014 6:04:05 PM
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk. BP’s annual report on proved global oil reserves ... world by having a large majority of the planet’s ...
Venezuela has World's Second Biggest Oil Reserves
energytribune.com - 6/10/2010 11:59:45 PM
Those countries now officially include Venezuela. BP has set at 56.6 per cent its estimate of the proportion of the world’s proved oil reserves that are located in the Middle East. That is down from 65.7 per cent in 1989. Despite the region’s ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 4:52:02 PM
He said global proved oil and natural gas reserves had been on an increasing ... which has alone generated almost half of the world's energy consumption growth over that period. Growth in industrialised countries has been relatively less energy intensive.
BP Says World's Proved Oil Reserves Fell in 2008
Oil Voice - 6/9/2009 11:57:09 PM
In a climate of unprecedented turbulence, global energy markets followed the same extreme pattern as the world economy in general during ... The Review reports remaining proved oil reserves of 1,258 billion barrels, excluding Canadian oil sands - enough ...
BP energy statistics: the world in oil consumption, reserves and energy production
theguardian.com - 6/8/2010 11:54:57 PM
The graphic pictured above gave a global breakdown of how much petroleum is used by countries ... Global oil refining capacity additions totalled 2m bpd, with the Asia-Pacific region accounting for 80% of the increase • Proven oil reserves stood at ...
Venezuela surpasses Saudi Arabia for world's biggest oil reserve
NDTV - 7/20/2011 8:35:37 AM
Vienna: Venezuela is now the country with the most proven crude oil reserves on the planet ... with regard to the capacity to exploit its oil Saudi Arabia continues to be the world's undisputed main producer with the ability to pump more than 8 million ...
BP: World oil and gas reserves still growing at healthy pace
Oil & Gas Journal - 6/20/2004 11:55:01 PM
The new data estimate total world oil reserves at 1.15 trillion bbl ... nor does it necessarily represent BP's view of proved reserves by country. Data for the latest review were compiled using a combination of primary official sources and third-party ...