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
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries. Saudi Arabia also has a massive natural gas reserve, which remains relatively undeveloped. The country has instead focused on oil and, increasingly ...
Government Allocates Rs 4,948 Crore for Filling Strategic Oil Reserves
NDTV - 4/1/2015 11:07:10 AM
New Delhi: Taking advantage of lower oil prices, the government on Tuesday allocated Rs 4,948 crore to full the country's maiden strategic oil reserves to insulate itself ... of crude oil and abnormal spike in world oil prices," it added.
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 ...
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 ... 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 reserves ...
Russia’s Economic Outlook Worse Than Thought, World Bank Says
Wall Street Journal - 4/1/2015 10:17:04 AM
MOSCOW—Russia’s economic contraction will be worse than previously thought, the World ... oil and gas sectors. “The isolation from international economic activities, such as trade and bank transactions, which are pivotal to a country’s growth, have ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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 ...
Iran Nuclear Talks Add To Uncertainty In Oil Sector
oilandgasinvestor.com - 3/31/2015 4:27:29 AM
Iran has an estimated 157 billion barrels of proved crude oil reserves, representing nearly 10% of the world's crude oil reserves. The country’s potential production is unclear, but it once reached as much as 6 million barrels of oil per day (MMbbl/d).
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
OPEC’s proven oil reserves currently stand at 1,199.71 billion barrels. Here are the top countries with the biggest proven oil reserves, as reported by EIA. Proven oil reserves in 2013 (billion barrels): 297.6 Total oil supply in 2012 (thousand barrels ...
Oil to drop if Iran nuclear deal is reached
Gulf News - 3/31/2015 5:13:26 PM
Iran has the world’s fourth-largest proven oil reserves after Saudi Arabia, Venezuela and Canada. The country’s oil production has declined over the years due to international sanctions imposed by the US and other western countries over its ...
The Hidden Effects of Cheap Oil
The Atlantic - 3/31/2015 2:35:57 PM
Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world ... Bank’s reserves are shrinking, capital is fleeing the country, export ...
Dwindling crude prices: Hard knocks on shale oil development
The Guardian - Nigeria - 4/1/2015 10:31:23 AM
Indeed, oil multinationals that were wholly committed to the shale projects are now having a rethink, as the projects become more uneconomical by the day. Shale oil producing countries ... per cent of the world’s estimated shale reserves.
With an Iran/US Agreement Will we Soon See $20 a Barrel Oil?
Townhall Finance - 4/1/2015 4:04:50 AM
So that makes 2 countries in the neighborhood which fear for their ... Iran is a sleeping oil giant holding 9% of the world’s proven oil reserves and with an estimated 2m barrels per day of excess supply already sloshing around international markets ...
Iran’s return to oil market will be ‘long and arduous’
Market Watch - 3/31/2015 4:16:10 PM
After all, Iran does hold the world’s fourth-largest proven crude-oil reserves, according to the U.S. Energy Information ... If all sanctions on Iran were lifted, the country could dump another 800,000 barrels a day on the market, Kerr said.
Nigeria’s Oil Supply At Risk Under Buhari, Citi Says
Barron's - 4/1/2015 11:42:58 AM
Its proven oil reserves are huge at more than 30 billion barrels and it ... MEND endorsed Buhari, and while it condemned Jonathan in a lengthy statement on the country’s post-election reality, MEND did praise the outgoing president’s willingness ...