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
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 5:17:33 PM
The country has been one of the largest exporters of crude ... and coal represents less than 1%. Venezuela had the world’s largest proved oil reserves in 2014. In 2014, Venezuela had 298 billion barrels of proved oil reserves, the largest in the world.
A Review of Proven Oil and Gas Reserves for Indonesia and Others
Yahoo Finance - 11/30/2015 7:04:55 PM
Indonesia to Rejoin OPEC, Saudi Arabia Ensures Share in Market (Continued from Prior Part) Proven oil reserves As per the BP statistical review of the world’s proven oil ... meters of gas in 2014 though the country is a net importer of oil but a net ...
India’s crude oil output to continue to fall despite government’s efforts: IEA
Economic Times - 11/30/2015 2:54:23 PM
contributes about a quarter to the country's crude oil output. Most other contributions come mainly from the fields operated by state-run Oil and Natural Gas Corporation, and Oil India. Proven reserves of 5.7 billion barrels against an annual crude demand ...
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 ...
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 ... 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
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 ...
OPEC: Proven crude oil reserves in Member Countries reached 1,206 bn barrels by end of 2014.
wam.ae - 11/23/2015 5:30:01 AM
OPEC Member Countries petroleum products exports in 2014 stood at 4.5m b/d, while during the same year the imports were at 1.6m b/d, up 1.4 per cent year-on-year. World proven crude oil reserves stood at 1,492.9 billion barrels at the end of 2014 ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves ... largest proved reserves of oil in the world, Iran has the distinction ...
Oil gains ahead of central bank, OPEC meetings
Market Watch - 11/30/2015 11:05:19 AM
Oil futures ... around the world this week. Expectations are high that the European Central Bank President Mario Draghi will announce a round of fresh measures this Thursday aimed at boost the eurozone economy. In the U.S., Federal Reserve Chairwoman ...
Here's How Much Oil The World's Biggest Oil Players Are Sitting On
The Business Insider - 12/18/2014 11:51:46 AM
This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the biggest oil-producing countries around the world. Despite Saudi Arabia's huge reserves, RBC writes that "a policy of keeping prices low for the prolonged period ...
Iran woos oil and gas giants at its biggest industry event
Al Bawaba - 11/29/2015 8:57:39 AM
“Now, it is an appropriate time for the oppressive sanctions against Iran to be lifted and once again it is proved that sanctions ... prospects of big businessin a country which owns the world's largest oil and gas reserves combined when sanctions ...
China’s Renminbi Is Approved by I.M.F. as a Main World Currency
New York Times - 11/30/2015 11:01:08 PM
HONG KONG — The International Monetary Fund on Monday designated the Chinese renminbi as one of the world’s elite currencies ... banks follow this benchmark in building their reserves, which countries hold to help protect their economies in times ...
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 ...
Venezuela Oil Price Barely Budges Off 6 Year Low
Latin American Herald Tribune - 11/30/2015 4:53:05 AM
Oil is the main export of Venezuela and provides most of the country's foreign currency ... 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 266 ...
Iran seeks $30bn of new oil contracts
BBC - 11/30/2015 8:42:09 AM
Iran is gearing up for the lifting of sanctions following the nuclear deal with six world powers in July. The country has some of the biggest oil and gas reserves in the world. The new contracts were announced at a conference in Tehran attended by many of ...