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
Crude Oil in America: How Much Do We Really Have and How Long Will It Last?
The Motley Fool - 8/30/2014 8:07:18 PM
Currently, we rank 12th among the top 20 countries by proven crude oil reserves. That places us just ahead of China ... realize the shale boom isn't a panacea to the nation's -- or the world's -- most gripping challenge: our addiction to fossil fuels.
Scotland's oil reserves: The Trillion-dollar question
CNBC - 8/29/2014 5:13:42 AM
At reportedly $800 billion, Norway has one of the world's biggest sovereign wealth funds thanks to its vast oil and gas reserves. For Salmond, the oil and gas rich country provides an exemplary model for an independent Scotland, which would look to set up ...
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 ...
Iran: Oil Sanctions Upset World Energy Balance
tasnimnews.com - 8/26/2014 8:52:00 AM
Elsewhere in his comments, the minister expressed the country’s determination to acquire ... “By possessing around 157.3 billion barrels of proven oil reserves, we hold 11 percent of the world’s oil reserves,” Zanganeh added, noting that Iran ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
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.
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 ...
War-struck Syria forced to import wheat and oil
Channel News Asia - 9/1/2014 5:48:55 PM
DAMASCUS: Before the civil war that tore the nation apart, Syria was one of the few countries in the world that was completely self-sufficient, with extensive wheat and oil reserves. Three years on, that's all changed. The Syrian government is now forced ...
Dawn - 9/1/2014 7:26:09 AM
The International Committee of the Red Cross reports that more than 9m Syrians are in need of urgent assistance, including 6.5m people displaced inside their own country ... Libya holds Africa’s largest proven oil reserves and only about 20pc of the ...
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 ... barrels of proven oil reserves ...
investinganswers.com - 8/29/2014 9:12:54 PM
Saudi Arabia, Venezuela and Canada have the most proven oil reserves in the world. In the U.S., the largest reserves are in Texas, Alaska, California and North Dakota. Oil companies and countries report the amount of oil reserves in their properties.
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/12/2012 11:56:35 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 ...
LatAm woos foreign oil firms but state looms large
France 24 - 8/28/2014 1:40:08 AM
Some of Latin America's largest oil producers are on a charm offensive to woo ... The stakes are high for the South American country, whose current proven reserves are just one-tenth of what Vaca Muerta is estimated to contain. "Vaca Muerta is very ...
Andres Oppenheimer: Venezuela: From oil power to oil importer
The Miami Herald - 8/30/2014 10:30:28 PM
Curious to find out how a country with the world’s largest oil reserves can end up importing oil, I called Evanán Romero, a former Venezuelan vice minister of energy and former PDVSA director, who now works as an oil industry consultant. Romero told me ...
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 ...
The Truth About The Worlds Oil Reserves: In Depth Look
Value Walk - 3/18/2012 11:58:22 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 ...