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
Shale gas/oil reserves: government expects to complete study by November-end
Business Recorder - 3/8/2014 11:13:22 PM
We would have to follow the same trend and this can not happen overnight ... tight and low BTU gas reserves in collaboration with USAID and hopefully will complete this survey by the end of November 2014," the official added. The first-ever tight gas ...
Libyan leader threatens to bomb North Korean oil tanker
CNN - 3/8/2014 9:33:09 PM
Tripoli, Libya (CNN)-- Libya's prime minister threatened Saturday night to bomb a North Korean ... and that it is registered in North Korea. A spokesman for Libya's National Oil Corporation indicated the tanker was Saudi owned, but Saudi ...
30 countries with highest proven oil reserves
Rediff - 3/1/2012 2:57:12 AM
Oil reserve is an essential yardstick for measuring a country's economic ... According to experts, expansion of oil production and the development of new fields will enable the country to produce as much as 3 million barrels (480,000 m3) per day by 2015.
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
Brent crude oil spot price is expected to fall from an average of $112 per barrel in 2012 to annual averages of $108 per barrel in 2013 and $101 per barrel in 2014, according to report released by US-based Energy Information Administration (EIA) last week.
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 ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
Using data from British Petroleum’s 2013 statistical review of world energy, we calculated the countries with the largest reserves in three key fossil fuel categories—oil, coal, and natural gas. We then calculated the total value of the ...
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 ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
He said global proved oil and natural gas reserves had been on an increasing ... which has alone generated almost half of the world's energy consumption growth over that period. Growth in industrialised countries has been relatively less energy ...
15 countries with biggest oil reserves
Rediff - 10/18/2011 5:22:59 AM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
Top 10 Oil Reserves in the World
energydigital.com - 5/9/2013 11:57:45 PM
The country also contains oil sands deposits, less viscous than Canada ... Iran has about 150 billion barrels of proven oil reserves—roughly ten per cent of the world's total proven petroleum reserves. Iran is also the world's fourth-largest oil producer ...
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 could potentially step up production ...
FACTBOX-Oil reserves: declining - but how fast?
Reuters - 7/21/2010 9:42:14 AM
A declaration by Venezuela last week that it hopes soon to overtake Saudi Arabia as the country with the biggest oil reserves has stoked debate on how much oil and gas the world really has left. OPEC said last week its proven crude oil reserves ...
Top 10 oil and gas producing countries in 2012
mining.com - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Iraq raises proven oil reserves figure by 25 percent
Reuters - 10/4/2010 5:17:19 PM
"The new proved reserves figure ... regardless of how well the country is functioning politically," he said. HOW MUCH OIL LEFT Iraq's reserves revision may revive debate about how much oil the world has left. Companies have made numerous ...
Mondiu Jaiyesimi: Africa’s biggest crude oil reserves (Y! Policy Hub)
ynaija.com - 11/12/2013 10:43:18 AM
... Officially the youngest country in the world, South Sudan is a land locked country heavily dependent on Sudan for processing and exporting its crude oil. It now has 3.5 billion barrels of proved oil reserves with Asian energy companies dominating the ...