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
Kurdistan has world's 8th oil and gas reserves
Kurdish Globe - 3/29/2015 3:42:44 PM
The reports reads that according to the latest OPEC report, Iraq has more than 150 billion barrels of proved reserves and more than 300 billion barrels of unproved reserves, which makes Iraq, the second largest oil country in the world after Saudi Arabia.
Iran Reserves Again Coveted by Big Oil After Decades of Conflict
Bloomberg - 3/30/2015 1:15:24 AM
Now, as Iran and the U.S. enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again ... Iran holds 10 percent of the world’s oil reserves -- putting it number four globally after Venezuela ...
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.
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 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 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 ...
Iran oil to put pressure on prices as nuclear talks in critical stage
Gulf News - 3/28/2015 12:44:58 PM
Iran, an important member of the Ogranisation of the Petroleum Exporting Countries (Opec) holds the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves. The country’s oil production has declined over ...
The Middle East's Growing Oil Demand Problem
Forbes - 3/29/2015 7:46:07 PM
With 810 billion barrels in proven reserves (50 ... displace 5 million b/d of oil-based power generation around the world, notably in the Middle East. Overall, power demand potential remains high in the region because most countries still fall well ...
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 - 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 ...
Iran nuclear deal to see $20 oil if Tehran floods crude market
Daily Telegraph - 3/29/2015 8:00:26 PM
The country holds 9pc of the world’s proven oil reserves and a nuclear deal that could open up its fields to foreign investment is potentially game changing for the industry. With oil prices continuing to come under pressure from an estimated 2m barrels ...
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 ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last ... The US, China and Mexico are the most “unthrifty” countries with only about 11 years before they exhaust their current proved oil reserves (Figure 2). With an output of 681 billion cubic metres in 2012 ...
Yemen's Turmoil Sparks Big Swings In The Global Oil Market
NPR News - 3/27/2015 3:45:07 PM
Yemen and Saudi Arabia, the world's largest oil producer ... which could lead to a loosening of crippling sanctions, raising exports of the country's oil reserves. Iran has around 30 million barrels stored offshore ready for sale, oil that could flood ...
Arctic braced for oil rush as Shell eyes return to Alaska
Royal Dutch Shell PLC - 3/28/2015 4:48:21 PM
The figure is significant and roughly equal to two thirds of Saudi Arabia’s existing proven reserves ... Most of the new oil to meet world demand over the next 20 years will come from existing resources owned by countries such as Saudi Arabia, Iran ...