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
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 ...
India Shores Up Strategic Oil Reserves Amid Falling Oil Prices!
Pakistan Defence - 1/28/2015 6:31:08 AM
This would be the first time the country is storing crude oil and the amount will be 1.03 million tonnes. Strategic reserves are seen as vital for ... Friday and his brother Salman became king of the world’s top oil exporter. Brent crude futures were ...
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
With oil consumption ... cubic feet of natural gas in 2012. 6. Turkmenistan – 265 trillion cubic feet in proved reserves A country that seems almost conspicuously absent from geopolitical discussion considering its vast natural gas reserves, Turkmenistan ...
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.
China Boosts Buying For Oil Reserves Amid Drop In Global Prices – Analysis
Eurasia Review - 1/27/2015 6:03:41 AM
As oil prices sink to five-year ... now in sync with IEA policies. Member countries of the IEA have committed to using their strategic stockpiles only in case of supply disruptions and emergencies to stabilize world markets, rather than as a tool for ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves, only Canada does not have a national oil company, and the nine that do control 1.23 trillion of the world’s total proved reserves. That is about 75% of the world’s proved reserves that are off ...
Russia's credit cut to 'junk' a blow to aspiring world power, but immediate fallout is limited
FOX News - 1/27/2015 9:38:26 AM
a big blow for a country that wants to be a world economic power. The downgrade by Standard & Poor's reflects the country's growing economic problems, such as the collapse in the value of its oil exports and the impact of Western sanctions. But it is also ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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 ...
ConocoPhillips Earnings Preview: Lower Oil Prices To Offset Production Growth
Trefis - 1/27/2015 5:30:53 PM
 ConocoPhillips is the world’s largest independent exploration and production company by proved reserves ... barrels of oil equivalent (BOE) at the end of last year. Headquartered in Houston, Texas, the company has operations in 27 countries ...
Oil politics: Why Obama's Taj visit was cancelled due to Saudi King's death
Firstpost - 1/27/2015 11:40:07 AM
Here he met King Ibn Sa’ud of Saudi Arabia, the country which was by then home to the largest oil reserves in the world. Ian Carson and V.V. Vaitheeswaran point this out in their 2007 book, Zoom—The Global Race to Fuel the Car of the Future.
Almaty to Host Feb. 23-24 Kazakhstan Oil and Gas Summit
astanatimes.com - 1/26/2015 3:41:42 AM
Almaty will be hosting the 2015 Kazakhstan Oil and Gas Summit on Feb.23-24 dedicated to developments and opportunities arising across all aspects of the country’s oil and ... In 2014,Kazakhstan had proven reserves of 85 trillion cubic feet of natural ...
Libya: increased deficit and weaker currency warns World Bank
Libya Herald - 1/27/2015 2:46:14 PM
The World Bank has warned in its January MENA Quarterly Economic Brief that the collapse in international crude oil prices and Libya’s low oil exports could lead to an increased deficit, eroded foreign currency reserves ... in these countries and they ...
PECR 5 to boost PHL’s oil, coal output by 2019–US-EIA report
BusinessMirror. - 1/27/2015 11:32:58 AM
AN ongoing auction on the exploration of potential coal and petroleum areas in the Philippines could increase the country’s ... 11 billion barrels of oil and 190 trillion cubic feet (tcf) of natural gas in proved and probable reserves.
China Boosts Buying For Oil Reserves Amid Drop in Global Prices
Australian News - 1/26/2015 8:09:33 PM
As oil ... reserves The pace of imports suggests that China is getting ahead of its official schedule for building a strategic petroleum reserve (SPR) to cover 90 days of imports in case of supply disruptions, similar to SPR stockpiles in member countries ...