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
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/10/2014 12:41:13 AM
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: Uganda could get rich on oil
United Press International - 6/24/2016 3:06:35 PM
KAMPALA, Uganda, June 24 (UPI) --Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. "If oil resources are well managed, it could take the country a lot ...
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 ...
Buoyed by Brexit vote, more EU countries talk of exit
Times of India - 6/24/2016 8:28:42 PM
The result shocked investors, and stock markets plummeted around the world ... country has ever invoked Article 50, so there is no roadmap for how the process will work. Authorities ranging from the International Monetary Fund to the U.S. Federal Reserve ...
BP reveals volume of Azerbaijan’s proven oil reserves
Apa - 6/11/2016 8:55:27 AM
or 0.4 percent of the world’s total proven oil reserves, according to the BP Statistical Review of World Energy. The country produced 1 percent of the world’s total oil production in 2014 – 841 thousand barrels a day which is 1 percent less than its ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
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 metres, about 14% of the world total and the third largest in the world.
Brexit impact on India: Uncertainty in IT, rupee seen at 70, softer oil prices
Firstpost - 6/25/2016 11:30:39 AM
as the recent oil price rally was resulting in higher cess incidence. GoI also stands to gain through lower subsidy burden on LPG and SKO," he said. Rupee may hit 70 vs dollar: Nayar of ICRA said the high foreign exchange reserves in historical terms (at $ ...
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 ...
The Enormous Political Risk of Saudi Arabia's Oil Reform
The National Interest - 6/24/2016 6:27:01 PM
On June 7, Saudi Arabia laid out its National Transformation Plan to shift away from an oil-based economy. To do so, the plan’s architect, Deputy Crown Prince Mohammed bin Salman, intends to create the world ... 1.4 billion in the country.
How Oil Underdeveloped Nigeria – Osinbajo
Leadership - 6/23/2016 7:36:48 AM
According to a statement by his spokesman, Laolu Akande, he said the country must reduce the current dependence of the federal and the state governments on the ritual sharing of revenues from oil ... countries in the world had proved that without natural ...
Nigeria's Dangote shifts focus from cement to oil and gas
Reuters - 6/24/2016 11:31:50 AM
LAGOS (Reuters) - Africa's richest man, Aliko Dangote, plans to launch Nigeria's first private crude oil refinery by 2019 while ... Nigeria has the world's ninth largest proven gas reserves, at 187 trillion cubic feet (tcf), but loses half of it to flaring ...
Oil Made Venezuela Rich, And Now It’s Making It Poor
Five Thirt Eight - 6/24/2016 6:59:49 AM
But the country’s poverty today is due in large part to the same thing that made Venezuela rich just a few years ago: oil. Venezuela, a charter member of the OPEC cartel, has the world’s largest oil reserves and is a major oil exporter. (The U.S. is ...
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.
Canada oil output to jump 28pc by 2030, transport an issue
Business Recorder - 6/23/2016 7:03:59 PM
CALGARY: Oil output from Canada's vast reserves ... in the world isn't necessarily coming from our traditional customer in the US It's going to be India and China," he said in an interview. "Canada has great trading relationships with different countries ...
CAPP predicts Oil production will continue to grow
Energetic City - 6/24/2016 3:28:03 PM
With over 170 billion barrels, Canada has the third largest total of proven oil reserves in the world, behind only Venezuela and Saudi Arabia. According to the IEA, as of 2012, with only 4 per cent of the world’s total, it was the sixth-largest ...