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
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.
30 countries with highest proven oil reserves
Rediff - 3/1/2012 2:57:12 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.
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 ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
"We have rolled over the 2005 reserves figures for many countries due to reporting lags," he said, adding that this meant there might ultimately not be a decline for 2006. He said global proved oil and natural gas reserves had been on an ...
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 ... ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current levels of domestic oil production. Canada is the wealthiest country by R/P ratio ...
Venezuela surpasses Saudi Arabia for world's biggest oil reserve
NDTV - 7/20/2011 8:35:37 AM
Vienna: Venezuela is now the country with the most proven crude oil reserves on the planet ... with regard to the capacity to exploit its oil Saudi Arabia continues to be the world's undisputed main producer with the ability to pump more than 8 million ...
Nations with the world's largest oil reserves
Rediff - 1/28/2011 8:18:53 AM
China is the second-largest ... of oil, natural gas, coal, and electricity. A top supplier to the United States, Canada consumes 2.3 million barrels per day. The country's total production stands at 3.35 million barrels per day. It has total proven ...
World Oil & Gas Pipe Market
HispanicBusiness.com - 12/3/2013 4:52:06 PM
This is due to rising offshore activity, deeper wells, and growing use of horizontal drilling techniques ... Oil & Gas Production by Region & Resource 18 5 World Crude Oil Proved Reserves by Country, 2012 21 6 World Crude Oil Production by ...
BP Says World's Proved Oil Reserves Fell in 2008
OilVoice - 6/9/2009 11:57:09 PM
In a climate of unprecedented turbulence, global energy markets followed the same extreme ... The Review reports remaining proved oil reserves of 1,258 billion barrels, excluding Canadian oil sands - enough for 42 years at 2008 production rates.
Why Venezuela’s World-Beating Oil Reserves Are 'Irrelevant'
CNBC - 6/15/2012 12:44:19 AM
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because ... A founding member of the Organization of Petroleum Exporting Countries, Venezuela's total deposits stood at an estimated 296.5 billion barrels ...
Gulf’s global oil share sharply down in 20 years
emirates247.com - 10/24/2013 4:03:30 AM
Gulf countries now control around 42 per cent of the world’s total proven oil resources, sharply below their share of nearly 63 per cent 20 years ago. The decline was mainly due to a steep rise in the crude reserves of Canada and Venezuela although there ...
Oil Reforms by Mexico May Upend Markets
New York Times - 8/15/2013 12:18:43 AM
Mexico ranks ninth among the world’s leading oil producers and ... Mr. Goldwyn said an increase in Mexican oil production could drain foreign oil company investment from countries like Angola, Venezuela and Nigeria as well as the new Arctic ...
Venezuela World’s Largest Holder of Proven Oil Reserves
Venezuelanalysis.com - 6/19/2012 2:01:18 PM
Saudi Arabia now trails Venezuela with a 16 percent share of world proven oil reserves, according to the report. Canada ranks third with 175.2 billion barrels, or 11 percent of total, unchanged from the revised number for 2010.w The South American country ...
In Lebanon, officials talk of a bright future funded by offshore oil and gas reserves
articles.washingtonpost.com - 6/1/2013 11:59:06 PM
Fluctuations in energy prices and other factors make it impossible to know how much Lebanon would earn from oil and gas extraction. And the government, led by caretaker Prime Minister Tammam Salam, has yet to agree on a revenue-sharing framework to ...