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
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 9:58:47 AM
KAMPALA, Uganda, June 24 (UPI) --Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. "If oil resources are well managed, it could take the country a lot ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, 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 ...
BP reveals volume of Azerbaijan’s proven oil reserves
Apa - 6/11/2016 8:55:27 AM
or 0.4 percent of the world’s total proven oil reserves, according to the BP Statistical Review of World Energy. The country produced 1 percent of the world’s total oil production in 2014 – 841 thousand barrels a day which is 1 percent less than its ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/10/2014 12:41:13 AM
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 ...
Country’s biggest banks pass Federal Reserve’s gloom-and-doom ‘stress tests’
Washington Post - 6/23/2016 8:37:03 PM
The nation’s largest financial institutions have enough armor to withstand the turmoil of a major and prolonged U.S. and global recession, the Federal Reserve said Thursday ... A.P. Moller-Maersk, an oil company and the world’s largest shipper ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
We present here a list of countries with highest proven oil reserves ... 10 oil-producing nations in the world. 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 ...
Nigeria: How Oil Underdeveloped Nigeria - Osinbajo
AllAfrica - 6/24/2016 6:09:43 AM
According to a statement by his spokesman, Laolu Akande, he said the country must reduce the current dependence of the federal and the state governments on the ritual sharing of revenues from oil ... countries in the world had proved that without natural ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
A Russian Oil Company Is for Sale — Again
New York Times - 6/23/2016 10:10:06 PM
But the sale, and dozens of others taking place around the country, will reinforce Russia’s reputation ... despite substantial proved oil reserves of 2.2 billion barrels. The move clears the way for the company’s potential sale to overseas investors.
BP reveals volume of Kazakhstan's proven oil reserve
Kazinform - 6/10/2016 2:54:33 PM
KAZINFORM - Kazakhstan's proven oil reserve as of early 2016 stood at 30 billion barrels, or 1.8 percent of the world's proven hydrocarbon reserve ... according to the country's statistical committee. The country plans to produce 74 million tons of ...
Easy oil money to blame for our woes – Osinbajo
P.M. News Nigeria - 6/24/2016 4:00:52 AM
Osinbajo said the country must reduce the current dependence of the federal and the state governments on the ritual sharing of revenues from oil. According to the ... remarked that many countries in the world had proved that without natural resources ...
Saudi energy minister says oil glut has vanished
Houston Chronicle - 6/22/2016 9:53:59 AM
But countries ... oil boom since the 1970s. But oil markets eventually became overstuffed as producers pumped more than 1 million barrels than the world needed each day. For Saudi Arabia and other OPEC nations, the surge in U.S. oil production proved ...
Canada oil output to jump 28pc by 2030, transport an issue
Business Recorder - 6/23/2016 7:03:59 PM
CALGARY: Oil output from Canada's vast reserves ... in the world isn't necessarily coming from our traditional customer in the US It's going to be India and China," he said in an interview. "Canada has great trading relationships with different countries ...
Oil fall tips Opec current account into deficit in 2015
Trade Arabia - 6/23/2016 12:58:55 PM
The Organization of the Petroleum Exporting Countries’ (Opec ... percent before rising in 2017. Opec's proven crude oil reserves rose by 0.1 per cent last year and it maintained its share of 81.2 percent of the world total, the Opec report said.
China LNG Market Demand & Supply analysis, By End-User, By LNG Terminals Forecast and Opportunities, 2011 - 2021
prnewswire.com - 6/23/2016 9:05:41 PM
in order to explore proved reserves and address the growing domestic requirements for natural gas. In China, majority of the natural gas fields are situated onshore in Western and North-central parts of the country. Over the next five years, the country's ...