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
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 ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 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 Oil Price Back Above $40
Latin American Herald Tribune - 6/26/2016 4:12:48 AM
... is the main export of Venezuela and provides most of the country's foreign currency. As of 2015, Venezuela had nearly 298 billion barrels of proved oil reserves -- the largest in the world. The next largest proved oil reserves are in Saudi Arabia with ...
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 ...
Iran oil chief shakes up oil firm in bid to strike pre-election deals
Reuters - 6/27/2016 9:19:26 AM
Iran has pledged to open up its lucrative oil reserves, the world's fourth largest ... "The energy sector in Iran is more linked to politics than any other country," said an Iranian industry source. "I don't think we will see anything happening this ...
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 9:58:47 AM
KAMPALA, Uganda, June 24 (UPI) --Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. "If oil resources are well managed, it could take the country a lot ...
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 ...
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.
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 ...
Africa's richest man, Aliko Dangote shifts focus from cement to oil and gas
cnbcafrica.com - 6/27/2016 5:16:03 AM
Nigeria has the world's ninth largest proven gas reserves, at 187 trillion cubic feet (tcf), but loses half of it to flaring and re-injection. Despite the new focus on oil and gas, the business magnate said he planned to build cement plants in Cameroon ...
5-Point Checklist for Investing in Big Oil
The Motley Fool - 6/26/2016 3:25:41 PM
To some, this stability and the traditionally generous dividends have made for a compelling investment thesis, but actually getting to know and understand the complex world of Big Oil companies ... 25 billion BOE of proven reserves that are either ...
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 ...
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 ...
Kuwait mosque hit by IS suicide bomb reopens as fears remain
FOX News - 6/26/2016 6:14:30 AM
The Imam Sadiq Mosque, named after a historically revered Shiite figure, is tucked into the capital's al-Sawabir neighborhood on a street of boutique restaurants popular with the oil ... the country will hold onto its unity. "We as a nation have proved ...