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
Iran's tantalising oil prize
MENAFN - 4/19/2015 10:10:02 AM
Iran's possible re-emergence as a major exporter would force a re-ordering of the world oil market both because of the country's location on the cost-curve and the quality of its oil. Iran's proved oil reserves of 160bn barrels, almost 10% of the world ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
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.
Sizing up what Iran could bring to the oil table
Gulf News - 4/19/2015 11:57:24 AM
Iran’s possible re-emergence as a major exporter would force a reordering of the world oil market both because of the country’s location on the cost-curve and the quality of its oil. Iran’s proved oil reserves of 160 billion barrels, almost 10 per ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
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 ... 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 reserves ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves ... 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 oil reserves, but some reserves have been added to ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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 ...
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 ...
Iran in talks with former oil clients
Press TV - 4/20/2015 6:37:05 PM
... by one million barrels per day a few months after the sanctions against the country are lifted. Iran holds the world's fourth-largest proven crude oil reserves and the second-largest natural gas reserves. Iran’s total in-place oil reserves have been ...
Embrace fiscal discipline, IMF urges African oil exporting countries
The Nation - 4/19/2015 11:03:07 PM
has called for fiscal adjustments among African oil exporting countries in view of the downturn in revenue and limited buffers. Ms. Sayeh, who addressed the Africa Region reporters at the ongoing Spring Meetings of the World Bank and the IMF at the ...
Understanding Mozambique’s New Oil And Gas Regime
Law 360 - 4/20/2015 6:29:55 PM
its new oil and gas legal regime — which aims to provide legal stability for international investors seeking to develop the country’s recently proven reserves of 200 trillion cubic feet of natural gas. This new law and the Hydrocarbons Tax Law No. 27 ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves ... What follows is a look at the top 10 oil companies in the world based on proved reserves. Proved reserves, by definition, are those that have a “reasonable certainty” of being extracted ...
Putin Confident Russia’s Economy Will Rebound In Two Years, Says Sanctions Proved To Be Catalyst To Check On Country’s Resiliency
International Business Times - 4/19/2015 4:29:25 PM
He also said the sanctions proved to be a useful catalyst for the country to test its resiliency and veer away from its heavy reliance on oil and dependence on imports ... as well as for bringing Russia on the map of the world.
World Bank cash for fossil fuels: The worst kind of hypocrisy
Responding To Climate Change - 4/20/2015 8:57:16 AM
As the OCI report shows, the bank is even subsidising further exploration for fossil fuels, when we know the bulk of known reserves ... to the subsidies the World Bank Group provides in the form of climate finance for developing countries.
Russia has bigger concerns than oil, ruble: Russia Dep PM
Money Control - 4/20/2015 3:42:18 AM
Nevertheless, Dvorkovich says the country has built up enough reserves to weather the rout in the commodities market. "We were not counting on higher oil prices in our economic policies. We were saving some money for the times like what we face now ...