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
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
But the U.S. must conservatively report “Proven Reserves” as the sum of the ... that are state-owned monopolies that control all oil development within a country. Unlike private companies, the World Energy Outlook 2010 warned that NOC “reserve ...
Venezuela home to world's largest oil reserves
MENAFN - 4/14/2014 11:55:23 PM
(MENAFN) With proven crude oil reserves amount of 298.35 billion barrels, Venezuela is considered the world's largest country with oil reserves, Xinhua reported. The Venezuelan Oil and Mining Ministry said that the country was adding 1.673 billion barrels ...
Iran Oil & Gas 2014 Summit in Dubai to discuss Iran’s substantial oil reserves
northforkvue.com - 4/23/2014 1:43:25 PM
and circa 9 percent of the world’s total proven oil reserves. The Iran Oil & Gas 2014 Summit, taking place on 23rd-25th June in Dubai, will provide exclusive insights on the key questions characterising the country’s energy industry and its possible ...
Venezuela has world's largest oil reserves
The Global Times - 4/15/2014 3:15:49 AM
The Venezuelan Oil and Mining Ministry announced Monday its proven crude oil reserves amount to 298.35 billion barrels, meaning Venezuela is home to the world's largest oil reserves. The ministry said it was adding 1.673 billion barrels to its inventory ...
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 ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
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
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.
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
Here are the top five oil-producing countries from 2010 ... Saudi Arabia has the world's largest proven reserves of oil, with approximately 265 billion barrels, or about 20% of the world's proved oil reserves. This allows Saudi Arabia to increase and ...
Shale revolution boosts US oil reserves to record levels
tradearabia.com - 4/12/2014 6:25:29 AM
The two states at the heart of the fracking revolution accounted for more than 90 percent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and condensate reserves, with North Dakota at 3.8 billion barrels.
Top 10 Oil Reserves in the World
energydigital.com - 5/9/2013 11:57:45 PM
The country also contains oil sands deposits, less viscous than Canada ... Iran has about 150 billion barrels of proven oil reserves—roughly ten per cent of the world's total proven petroleum reserves. Iran is also the world's fourth-largest oil producer ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current levels of domestic oil production. Canada is the wealthiest country by R/P ratio ...
The Truth About The Worlds Oil Reserves: In Depth Look
Value Walk - 3/18/2012 11:58:22 PM
According to current estimates, more than 80% of the world’s proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65% of the OPEC total. OPEC Member Countries have made significant ...
15 countries with biggest oil reserves
Rediff India Abroad - 10/18/2011 5:22:59 AM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
He said global proved oil and natural gas reserves had been on an increasing ... which has alone generated almost half of the world's energy consumption growth over that period. Growth in industrialised countries has been relatively less energy intensive.
COLUMN-U.S. oil reserves highest since 1970s: Kemp
Thomson Reuters - 4/11/2014 11:48:48 AM
The two states at the heart of the fracking revolution accounted for more than 90 percent of all reserve growth across the country. Texas now accounts for 11.1 billion barrels of proved oil and condensate reserves ... of the bottle: world oil since ...