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, 2014See also: Oil - proved reserves map
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 8:25:54 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...
Iran discovers shale oil reserves
freerepublic.com - 4/28/2016 12:03:39 PM
Energy-rich Iran, which is the fourth country in the world for its proven oil reserves of 158 billion barrels, has discovered shale oil reserves in the Lorestan Province. This was announced by the Director of Center for Exploration and Production at the ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, 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 ...
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 ... reserves 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 ...
World Bank Raises 2016 Oil Price Forecast to $41 per Barrel
This Day Live - 4/28/2016 3:49:43 AM
Oil markets rose about three per cent as a tumbling dollar boosted commodities denominated in the greenback after bets that the Federal Reserve ... arrival in the country through the Nnamdi Azikiwe Airport, Abuja, at 13.09hrs GMT. The World Bank official ...
The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil
Yale Global Online - 4/27/2016 1:56:22 AM
Read the article from Bloomberg Businessweek. Glen Carey, Deema Almashabi, Vivian Nereim, Wael Mahdi, Javier Blas, Alaa Shahine, Riad Hamade, Matthew Philips and Zainab Fattah also contributed to this article.
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
We present here a list of countries with highest proven oil reserves ... 10 oil-producing nations in the world. 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 ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
Saudi Arabia will need to go beyond Oil by 2030
The Spectrum - 4/28/2016 6:27:12 AM
It dwarfs all in the industry, with crude reserves of 265 billion barrels, more than 15% of global oil deposits. Petroleum accounts ... "Is it possible that Saudi Arabia is the fourth largest country in the world in terms of military expenditure, and ...
Saudi Arabia Details 'Vision 2030' To End The Country's 'Addiction To Oil'
wingatewire.com - 4/27/2016 6:24:13 PM
Saudi Arabia plans to sell shares in state oil giant Aramco, earning around could raise $100 to $150 billion, and set up the world's largest wealth fund ... Saudi Aramco says it has 260 billion barrels of proven crude reserves, more than 10 times as ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 1:11:19 PM
as the world's seven largest oil companies not controlled by a country hold only 50 billion barrels of proved oil reserves. So, while these might be the world's big oil giants, they are really small potatoes on the global scene. That being said ...
OPEC Accounts for Most of the World’s Crude Oil Reserves
Market Realist - 12/7/2015 7:22:16 AM
BP’s (BP) statistical review shows that OPEC (Organization of the Petroleum Exporting Countries) accounts for 71.6% of the world’s total proved crude oil reserves. OPEC countries have around 1,216 billion barrels of crude oil reserve. Saudi Arabia ...
Nigeria: World's Oil Reserves Declining?
AllAfrica - 10/5/2010 11:57:00 PM
Iraq's declaration on Monday that its proven recoverable reserves have risen by 25 percent ... support the "peak oil" supply theory, arguing world oil production has already passed its peak, say some OPEC countries may be reporting total oil found and ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...