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
The 10 Most Oil-Rich States
Yahoo Finance - 7/28/2014 10:09:21 AM
At the same time, proven oil reserves -- the estimated quantities ... If Texas were its own country, it would be the sixth largest oil producer in the world.
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 ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
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.
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 AM
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 ...
African oil & energy sector fuelling global investor growth, says DHL
World Stage - 7/30/2014 6:13:44 PM
While Oil and Gas activity in West ... untapped reserves estimated at 8% of the world’s proven reserves. “With the ever-increasing need for energy in Asia and in particular China, many of these countries are positioning themselves strategically in ...
Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves
New York Times - 7/29/2014 9:03:44 AM
The goal was not to inhibit current oil production but to cloud Russia’s energy future. The new strategy took direct aim at the economic foundation of Russia, which holds the largest combined oil and gas reserves in the world. The growth of the oil ...
African Oil & Energy Sector Fuels Global Investor Growth
Chem Info - 7/30/2014 1:13:05 PM
CAPE-TOWN, South Africa - While Oil and Gas activity in ... reserves estimated at 8% of the world’s proven reserves. “With the ever-increasing need for energy in Asia and in particular China, many of these countries are positioning themselves ...
The Best Way to Invest in Oil
Uncommon Wisdom Daily - 7/30/2014 12:08:40 PM
The Power of Proved Reserves ... About half of the reserves reside in the U.S. — the rest hail from Canada along with the rest of the world (i.e. Latin America, Middle East, Africa, Asia, Europe, etc.). More Reasons to Like Oil In determining the oil ...
15 countries with biggest oil reserves
Rediff India Abroad - 10/18/2011 5:22:59 AM
As of 2010, the US government estimates that the world has proved reserves in the neighbourhood ... from the Energy Information Administration, here are the countries with the biggest proved oil reserves.
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 ... barrels of proven oil reserves ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World ... by oil reserves. Iraq (132 years) and Iran (126 years) hold the second and third places, respectively. The US, China and Mexico are the most “unthrifty” countries with only about 11 years before they exhaust their current proved oil reserves ...
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 barrels at ...
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 ...
Venezuela has World's Second Biggest Oil Reserves
energytribune.com - 6/10/2010 11:59:45 PM
Those countries now officially include Venezuela. BP has set at 56.6 per cent its estimate of the proportion of the world’s proved oil reserves that are located in the Middle East. That is down from 65.7 per cent in 1989. Despite the region’s ...
How long will world's oil reserves last? 53 years, says BP
The Christian Science Monitor - 7/14/2014 5:21:08 PM
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk. BP’s annual report on proved ... lead the world by having a large majority of the planet’s reserves ...