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
New oil and gas reserves found in Kazakhstan
worldbulletin.net - 7/23/2014 2:40:08 PM
According to the U.S. Energy Information Administration, Kazakhstan holds 2 percent of the world’s oil, with 30 billion barrels. The proven natural gas reserves in the country is 2.5 trillion cubic meters. Related gas oil kazakhstan Legal Notice ...
How long will world's oil reserves last? 53 years, says BP
The Christian Science Monitor - 7/14/2014 5:21:08 PM
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk. BP’s annual report on proved ... lead the world by having a large majority of the planet’s reserves ...
Gastar Exploration reports 43% increase in mid-year proved reserves
Scandinavian Oil Gas - 7/23/2014 12:59:55 PM
Gastar Exploration Inc. reported that estimated proved reserves of natural gas, oil and condensate and natural gas liquids (NGLs) as of June 30, 2014 totaled 78.0 million barrels of oil equivalent (BOE), a 43% increase over December 31, 2013 proved ...
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 ...
BP Says The World Only Has 53 Years Of Oil Left, Should You Panic?
Jalopnik - 7/13/2014 4:14:54 AM
From the report: Total world proved oil reserves reached 1687.9 billion barrels ... constantly revising the amount of oil left in the world's various reserves, and it's possible some countries are being less than truthful about their own supply.
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
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.
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 2:57:12 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.
Global oil supply and demand equation poses risks
The Daily Star - 7/14/2014 5:49:46 PM
then global oil should last about 42 years. I don't believe the world has 1.52 billion barrels proved reserves. Look at most of the non-Opec countries' reserves including Mexico and Canada. Most countries are showing declines, but many Opec countries ...
Oxford Business Group - 7/21/2014 11:53:41 PM
Estimated to possess some 6% of the world’s proven oil reserves, Kuwait’s oil and gas industry promises to play a critical role in the economy for years to come. The nation is not however resting on this alone, and it is now pursuing a programme of ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
Here are the top five oil-producing countries from 2010 ... Saudi Arabia has the world's largest proven reserves of oil, with approximately 265 billion barrels, or about 20% of the world's proved oil reserves. This allows Saudi Arabia to increase and ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current levels of domestic oil production. Canada is the wealthiest country by R/P ratio ...
The Truth About The Worlds Oil Reserves: In Depth Look
Value Walk - 3/18/2012 11:58:22 PM
According to current estimates, more than 80% of the world’s proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65% of the OPEC total. OPEC Member Countries have made significant ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/12/2012 11:56:35 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion barrels at ...
15 countries with biggest oil reserves
Rediff India Abroad - 10/18/2011 5:22:59 AM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
Venezuela has World's Second Biggest Oil Reserves
energytribune.com - 6/10/2010 11:59:45 PM
Those countries now officially include Venezuela. BP has set at 56.6 per cent its estimate of the proportion of the world’s proved oil reserves that are located in the Middle East. That is down from 65.7 per cent in 1989. Despite the region’s ...