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 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 ...
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.
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 ...
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 ...
New Report Available: Qatar Oil & Gas Report Q4 2014
software20.it - 11/20/2014 6:22:53 PM
2014-11-20 19:48:31 – New Energy research report from Business Monitor International is now available from Fast Market Research Fuelled by the world’s third largest ... Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption ...
Do Countries With The Most Oil Reserves Actually Produce The Most Oil?
Investopedia - 9/23/2014 11:56:32 PM
This natural resource is the “golden egg” and those countries that have it should be the world's wealthiest ... into selling the oil. The countries that have the highest oil reserves (which means they have found proven sources of oil in the ...
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 ...
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
The Oil Big Five: Your comments about oil reserves and opportunities for producers
blogs.platts.com - 11/21/2014 8:34:43 AM
“Here is an opportunity for the oil producers to control oil prices.” Do you agree? Is this a sort of carpe diem situation for producers, and for countries with ample proven reserves? What do you see as the complicating factors to this idea? Leave us ...
The ‘age of abundance’ in oil and gas poses fresh dilemmas for companies
Financial Times - 11/23/2014 9:22:28 AM
For coal, the world has 112 years of consumption in proven reserves alone, according to the World ... being a net importer of gas to being a net exporter. As oil supply disruptions in other countries such as Libya ease, and global demand slows sharply ...
South Africa Oil & Gas Report Q4 2014 – New Study Released
eTV Futures - 11/23/2014 11:52:47 AM
The country ... Pricing: Oil price (US$ /bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – US$ /bbl) at global hubs Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels ...
Venezuela, with world's largest reserves, imports oil
USA Today - 11/2/2014 5:11:11 PM
Venezuela is importing crude — a new embarrassment for the country with the world's largest oil reserves. The nation's late president Hugo Chávez often boasted the South American country regained control of its oil industry after he seized joint ...
Venezuela overtakes Saudi on proven oil reserves
Arabian Business - 6/15/2012 5:16:20 AM
... has surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, BP has said in its annual Statistical Review of World Energy. The South American country’s deposits were at 296.5 billion barrels at the end of last year ...
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 ...