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
Rebel Group The Niger Delta Avengers Threatens One of World's Largest Oil Supplies
ABC News - 5/25/2016 2:52:03 PM
While Nigerian soldiers battle Boko Haram militants in the north, a new, radical group has emerged from the southern swamplands, threatening to wage war on one of the world's largest ... attacks have driven the country’s oil output to a near 22-year ...
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 ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/10/2014 12:41:13 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 ...
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 ...
Shrinking Oil Revenues Prompt Gulf States to Sell Bonds
The Wall Street Journal - 5/25/2016 10:58:49 PM
The oil-exporting countries of the Persian Gulf, from Qatar to Saudi Arabia, are turning to the public to sell debt as shrinking oil revenues erode their budgets. Qatar, which owns some of the world’s largest gas reserves, sold $9 billion worth of bonds ...
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 ...
Rebel Group Threatens One of World’s Largest Oil Supplies
Beatrice 1450 KWBE - 5/25/2016 8:14:11 PM
the Niger Delta — a top oil-producing region in sub-Saharan Africa and the world. They have successfully targeted major platforms belonging to Shell and Chevron in the past few weeks, and their attacks have driven the country’s oil output to a near 22 ...
109 Countries Make Breakthrough Changes in the World
prnewswire.com - 5/25/2016 12:57:31 PM
As the world's largest ... from over 100 countries uniting with the common goal of advancing women's empowerment. About Nancy Gaines Nancy Gaines spent almost two decades consulting to major Fortune 100 companies including Shell Oil, Clorox, AIG Insurance ...
Macau Daily Times - 5/25/2016 8:21:20 PM
G-7 The ups and downs of oil prices; whether the Federal Reserve will raise interest rates again ... expand the space allowed for private enterprise in one of the world’s last communist countries.
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
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 ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 8:25:54 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...
Prepare For A Dramatic Decline In Oil Reserves
Forbes - 12/28/2015 1:31:04 PM
According to the 2015 BP Statistical Review of World Energy ... into the category of proved reserves. Venezuela provides a perfect case study. Venezuela has a huge heavy oil resource in the Orinoco region of the country. But this oil is very expensive ...
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...