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 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 ...
Venezuela Oil Price Back Above $40
Latin American Herald Tribune - 6/26/2016 4:12:48 AM
... is the main export of Venezuela and provides most of the country's foreign currency. As of 2015, Venezuela had nearly 298 billion barrels of proved oil reserves -- the largest in the world. The next largest proved oil reserves are in Saudi Arabia with ...
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 ...
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 3:06:35 PM
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 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.
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 ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
Does the world need to go lie down on a psychiatrist’s couch?
The Telegraph - 6/25/2016 8:10:13 AM
Half a world away in Venezuela, there have been, according to The New York Times, more than 50 food riots. The country, with more oil reserves than Saudi Arabia ... and it’s the combination that’s proven so lethal.” Whoever carried out the latest ...
Prepare For A Dramatic Decline In Oil Reserves
Forbes - 12/28/2015 1:31:04 PM
According to the 2015 BP Statistical Review of World Energy ... into the category of proved reserves. Venezuela provides a perfect case study. Venezuela has a huge heavy oil resource in the Orinoco region of the country. But this oil is very expensive ...
The US Has Screwed Up in the Muslim World for 36 Years
Daily Beast - 6/26/2016 7:54:43 AM
Beginning with the Carter Doctrine, the US has aggressively injected itself into the Muslim world but with little to show for it ... led Carter to declare that any effort to seize the oil fields of the Gulf would be perceived as an assault on a vital ...
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...
Exclusive: Nigeria's Dangote shifts focus from cement to oil and gas
investing.com - 6/24/2016 11:31:50 AM
Nigeria has the world's ninth largest proven gas reserves, at 187 trillion cubic feet (tcf), but loses half of it to flaring and re-injection. Despite the new focus on oil and gas, the business magnate said he planned to build cement plants in Cameroon ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
World stocks, oil tumble; sterling suffers historic fall
Business Recorder - 6/24/2016 11:56:18 PM
Oil prices slumped by more than 4 percent amid fears of a ... or 3.72 percent, to 4,727.58. MSCI's all-country world stock index fell 4.4 percent. Voting results showed a 51.9/48.1 percent split for leaving, setting the UK on an uncertain path and dealing ...
British bracing for world economy to punish UK for ‘Brexit’
WTOP - 6/26/2016 5:02:55 AM
Brazil's central bank said on Friday that the country has solid foundations to face the United Kingdom's decision to leave the European Union, with enough foreign reserves to handle ... best-performing in the developed world in recent years.