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
Another big problem for Exxon and Big Oil
Yahoo Finance - 8/26/2016 6:09:34 PM
Exxon, the world’s biggest oil company, declared proven oil reserves of 8.1 billion barrels at the end ... But what if Exxon will never be able to produce some of that oil? Many countries seem likely to adopt taxes on carbon emissions or other rules ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 6/29/2016 11:57:31 PM
we have profiled countries with the highest oil reserves in the world. These are the countries whose proven oil reserves are in the top 10 globally. U.S. oil reserves soared to new heights in recent years due to increased usage of unconventional drilling ...
Ukraine, Iran consider oil deliveries
customstoday.com.pk - 8/26/2016 10:24:17 AM
Ukransnafta, national operator of Ukraine that provides services on oil transportation by pipelines to the Ukrainian refineries and its transit to the countries ... world’s top oil and gas producers with the world’s fourth-largest proved crude oil rese ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 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 ...
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 ...
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 ...
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
Scotland holds the largest oil reserve in the E.U. but proved they don’t need it
interestingengineering.com - 8/13/2016 6:22:00 AM
While the country is estimated to have the largest oil reserves in Europe, the country has proven they largely do not need it ... With one of the first countries to harness the power of water in the world, Scotland continues to live abide by that legacy ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 5:07:16 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 ...
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 ...
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 ...
Falling global oil reserves: Pricing blip or panic alarm? — Fuel for Thought
blogs.platts.com - 6/13/2016 4:56:51 AM
account for less than 3% of the total proven oil, Dale notes. By contrast more than 70% of the world’s reserves is mostly off-limits in OPEC member countries and two thirds of OPEC’s oil is in the Middle East.
Trump Will Liberate America’s World Leading Energy Producers
The American Spectator - 8/26/2016 12:22:59 AM
Consequently, America now has the proven reserves right here at home to be the world’s number 1 producer of oil, number 1 producer of natural ... that now has the highest unemployment rate in the country. According to the Energy Information ...
Azerbaijan, Iran eye resumption of oil swaps
today.az - 8/26/2016 2:34:49 PM
Moreover, the country ranks the fourth in the world for the volume of its proven oil reserves. Nevertheless years of sanctions have profoundly affected Iran's energy sector, restrained its production and export of oil and gas. The economic sanctions ...