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
Exclusive: Sanctions deal will unleash Iran's oil production, official says
CNN Money - 9/1/2015 10:03:14 PM
"Do you believe that ... our country will accept not to produce, to secure the market for others? It's not fair." Iran has the fourth biggest oil reserves in the world and is pumping about 2.8 million barrels a day, according to experts. Analysts expect ...
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 ...
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 ...
In a World Awash with Gas, Why Finding More is Good for Eni
Wall Street Journal - 9/1/2015 2:39:25 PM
The world may not be short of oil and gas. But it is good news for Eni E-2.26 % ... With a potential 30 trillion cubic feet of gas, the field represents close to half Egypt’s proven gas reserves and about 18 years of natural gas consumption, notes ...
10 Huge Countries Without Their Own Oil
24/7 Wall ST - 12/29/2014 7:28:11 AM
The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three — Saudi Arabia, Venezuela and Canada — account for nearly a third of the total. There are far more countries with no or ...
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 ...
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 ...
Nigeria to deploy drones to curb oil theft
Times of India - 9/2/2015 12:19:15 AM
Kachikwu said that between June 2014 and June 2015, the corporation recorded between 3, 500 to 4,000 theft attempts at the various products pipelines across the country ... on oil for about 80 percent of its revenue and 95 percent of foreign reserves.
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 ...
TSX hit by oil price slump, China worries
Yahoo News - 9/1/2015 9:13:08 PM
TORONTO (Reuters) - Canada's main stock index fell 2.7 percent on Tuesday, in a broad retreat led by financial and energy stocks as oil ... while the country's services sector also showed signs of cooling, reinforcing investor fears that the world's ...
Global stocks, oil dive on China fears; volatility jumps | Reuters
Firstpost - 9/1/2015 9:48:55 PM
NEW YORK World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fuelled more market turmoil. Oil prices ... Comments by Federal Reserve Vice Chairman ...
Global Markets – China fears hit stocks and oil, boost volatility
bakken.com - 9/1/2015 8:51:39 PM
NEW YORK – World ... s all-country stock index fell 2.4 percent and is down 7.1 percent for the year to date. The pan-European FTSEurofirst 300 stocks index closed down 2.8 percent. Asian stocks, particularly in Japan, fell overnight. In the oil market ...
Egypt gas find sparks panic in Israel about Israeli reserves
Philstar - 9/1/2015 10:39:02 PM
Israel's offshore gas reserves ... in a country that frequently suffers from blackouts, he has made energy projects a priority. But Israel can still find other buyers, Luft said. He said Cyprus and Greece would be good markets because they use oil for ...
COLUMN-U.S. oil reserves highest since 1970s: Kemp
Reuters - 4/11/2014 11:48:48 AM
The views expressed are his own) Proved ... 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. "Proved crude oil reserves in the ...
Gas Plus Khalakan to commence development drilling at Shewashan oil field, Kurdistan Region of Iraq
Oil Voice - 9/1/2015 1:20:41 PM
The oil was sold into the domestic market and transported by road tanker to a nearby refinery by the buyer. The Proved plus ... the Shewashan field reserves and to supporting the KRG as it becomes a significant oil producer on the world stage over the ...