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
Crude Oil in America: How Much Do We Really Have and How Long Will It Last?
The Motley Fool - 8/30/2014 3:49:36 PM
Currently, we rank 12th among the top 20 countries by proven crude oil reserves. That places us just ahead of China ... realize the shale boom isn't a panacea to the nation's -- or the world's -- most gripping challenge: our addiction to fossil fuels.
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 ...
Scotland's oil reserves: The Trillion-dollar question
CNBC - 8/29/2014 3:47:48 AM
At reportedly $800 billion, Norway has one of the world's biggest sovereign wealth funds thanks to its vast oil and gas reserves. For Salmond, the oil and gas rich country provides an exemplary model for an independent Scotland, which would look to set up ...
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
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 ...
Oil Shale Reserves
The Daily Reckoning - 8/28/2014 11:58:44 PM
In the small world ... oil usage. That’s barely a band-aid for a country that faces a potential energy heart attack. In other words, the future of oil shale may have finally arrived. Extracting oil from shale is no simple task, which is why the reserves ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 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 ...
investinganswers.com - 8/29/2014 9:12:54 PM
Saudi Arabia, Venezuela and Canada have the most proven oil reserves in the world. In the U.S., the largest reserves are in Texas, Alaska, California and North Dakota. Oil companies and countries report the amount of oil reserves in their properties.
LatAm woos foreign oil firms but state looms large
France 24 - 8/28/2014 1:40:08 AM
Some of Latin America's largest oil producers are on a charm offensive to woo ... The stakes are high for the South American country, whose current proven reserves are just one-tenth of what Vaca Muerta is estimated to contain. "Vaca Muerta is very ...
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 ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... disposition of the 10 biggest oil producers. Another important indicator is the reserves-to-production (R/P) ratio which represents “burning rate” of proven oil reserves in-situ for any given country when applying current ...
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 ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
He said global proved oil and natural gas reserves had been on an increasing ... which has alone generated almost half of the world's energy consumption growth over that period. Growth in industrialised countries has been relatively less energy intensive.
Venezuela surpasses Saudi Arabia for world's biggest oil reserve
NDTV - 7/20/2011 8:35:37 AM
Vienna: Venezuela is now the country with the most proven crude oil reserves on the planet ... with regard to the capacity to exploit its oil Saudi Arabia continues to be the world's undisputed main producer with the ability to pump more than 8 million ...