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
Here's How Much Oil The World's Biggest Oil Players Are Sitting On
The Business Insider - 12/18/2014 5:21:03 PM
This chart from RBC Capital Markets' Helima Croft shows the proven oil reserves for the big 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 needed ...
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 Proved Reserves of Crude Oil. Though all charts in this post use the ... by bureaucrats with hardly any connection to actual reserves the country possesses. Even the US has gotten in on the act, adding 11.5 ...
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, only Canada does not have a national oil company, and the nine that do control 1.23 trillion of the world’s total proved reserves. That is about 75% of the world’s proved reserves that are off ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
With oil consumption ... cubic feet of natural gas in 2012. 6. Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves, Turkmenistan ...
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 ...
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 ...
Sudan Unveils Oil Ambitions
Sudan Vision - 12/17/2014 6:05:11 PM
The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's Petroleum Minister said ... Sudan holds about 1.5 million barrels of proved reserves, though much of the regional basins straddle the border ...
Gulf braces for tough times over oil price plunge
AsiaOne - 12/19/2014 5:02:34 AM
... Economists are warning that even with the huge reserves many have built up, a prolonged drop in oil prices will hit Gulf states hard. "The prevailing growth model for most oil-exporting countries has left them vulnerable to a sustained decline in oil ...
U.S. Oil Reserves Hit 38-Year High
US News and World Report - 12/4/2014 6:06:17 PM
Pennsylvania alone saw its gas reserves leap by 13.5 trillion cubic feet – the largest increase in the country ... Clean Power Plan] The U.S. proved oil reserves still amount to just a fraction of the reserves of the world’s petroleum powers.
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 ...
Oil Market Turmoil a “Temporary and Transient” State – Naimi
SUSRIS - 12/18/2014 6:32:38 PM
What’s behind the tumbling price of oil on global exchanges — down about ... customers numbering about eighty companies in most countries of the world, and huge financial reserves. The Kingdom has executed huge projects in infrastructure and ...
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 ...
Chile crude oil domestic reserve depletion rates are dropping by 1.5% per year
Live-PR - 12/18/2014 10:11:33 AM
18.12.2014 11:29:01 - Chile Oil and Gas Report Q2 2014 - a new market research report on companiesandmarkets.com (live-PR.com) - The International Energy Agency reports that in 1990 the country ... current in-situ proven crude oil reserves in 2014 at ...
Slumping oil won’t derail $500bn Gulf infrastructure plan
Dawn - 12/19/2014 6:14:08 AM
DUBAI: Slumping oil prices ... The World Bank estimates up to $500 billion will be spent by Gulf countries on infrastructure by 2020, as governments seek to improve the lives of citizens and create jobs. With trillions of dollars of reserves between ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/15/2011 11:59:20 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries ... barrels of proven oil reserves ...