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
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
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.
New Report Available: Qatar Oil & Gas Report Q4 2014
software20.it - 11/20/2014 6:22:53 PM
2014-11-20 19:48:31 – New Energy research report from Business Monitor International is now available from Fast Market Research Fuelled by the world’s third largest ... Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 AM
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 ...
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 ...
Turkey's oil and gas reserves to diminish in 20 years
worldbulletin.net - 11/21/2014 12:45:16 PM
The country drilled 127 wells during the same period, 65 of which were exploration wells and 62 were production wells. Turkey has crude oil reserves for only 19 more years and natural gas reserves for only 12 years, according to Turkish Minister of ...
The world in numbers: Countries: Canada
The Economist online - 11/17/2014 11:55:44 PM
which the government estimates cost $47bn a year in lost activity, and improving oil-transport links to the Alberta oil sands, the third-largest deposit of proven oil reserves in the world. The economy will piggy-back on the US recovery.
Do Countries With The Most Oil Reserves Actually Produce The Most Oil?
Investopedia - 9/23/2014 11:56:32 PM
This natural resource is the “golden egg” and those countries that have it should be the world's wealthiest ... into selling the oil. The countries that have the highest oil reserves (which means they have found proven sources of oil in the ...
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
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 ...
Central People Government of People Re : Announcement on strategic oil reserves
4 Traders - 11/21/2014 2:29:39 AM
During the G20 summit in Brisbane, Australia, President Xi Jinping said that China would release data on its oil reserves regularly as a commitment to data transparency. The National Development and Reform Commission, the country's economic planner ...
China discloses status of strategic oil reserves
Space Daily - 11/21/2014 11:26:31 AM
For the first time ever, the Chinese government published data on its strategic petroleum reserves ... to the oil embargo imposed on Western powers by Arab members of the Organization of Petroleum Exporting Countries. OPEC in its annual world oil outlook ...
The Fraser Institute: Alberta Most Attractive Canadian Jurisdiction for Global Oil and Gas Investment
Market Watch - 11/20/2014 6:12:45 AM
Of the 44 jurisdictions with medium-sized reserves, Oklahoma is number one while Newfoundland & Labrador ranks 15th and British Columbia ranks 19th. The remaining 69 jurisdictions, which have relatively small proven oil and gas reserves, include the other ...
The Oil Big Five: Your comments about oil reserves and opportunities for producers
blogs.platts.com - 11/21/2014 8:34:43 AM
“Here is an opportunity for the oil producers to control oil prices.” Do you agree? Is this a sort of carpe diem situation for producers, and for countries with ample proven reserves? What do you see as the complicating factors to this idea? Leave us ...
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 ...