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
The World’s Largest Oil Reserves By Country
worldatlas.com - 9/18/2016 11:54:31 PM
we have profiled countries with the highest oil reserves in the world. These are the countries whose proven oil reserves are in the top 10 globally. U.S. oil reserves soared to new heights in recent years due to increased usage of unconventional drilling ...
Oil industry welcomes Indonesia's tax reform, but says it's not enough
Reuters - 9/23/2016 1:58:37 AM
The Indonesian government is trying to revive its flagging upstream oil and gas sector as the country's proved oil and gas reserves have fallen and companies slashed spending after a nearly 60 percent drop in oil prices from mid-2014. As a result of the ...
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 ...
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.
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 5:07:16 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 ...
World oil industry: proved oil reserves by leading companies 2013
statista.com - 9/10/2016 12:33:50 AM
Oil industry: proved ... reserves in the U.S. 1980-2015 Crude oil - reserves in the U.S. 1980-2015 Distribution of world oil reserves by region 2009-2015 Distribution of world oil reserves by region 2009-2015 Oil reserves - share held by leading countries ...
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 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 ...
Top Ten Oil Reserves Countries
mapsofworld.com - 12/31/2014 11:53:39 PM
Going by the latest data, Venezuela is the country with highest reserve of crude oil in the world. This South American nation has ... It is at the third position with 171 billion barrels of proved reserve. Iran and Iraq rank 4th and 5th respectively.
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 8:53:37 AM
as the world's seven largest oil companies not controlled by a country hold only 50 billion barrels of proved oil reserves. So, while these might be the world's big oil giants, they are really small potatoes on the global scene. That being said ...
Oil reserves and resources as function of oil price
peakoil.com - 8/29/2016 7:39:04 PM
nor does it necessarily represent BP’s view of proved reserves by country” Source of data: “Primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Gas Journal and an independent estimate of Russian reserves based on ...
Falling global oil reserves: Pricing blip or panic alarm? - Fuel for Thought
Oil Voice - 6/14/2016 10:03:29 AM
account for less than 3% of the total proven oil, Dale notes. By contrast more than 70% of the world's reserves is mostly off-limits in OPEC member countries and two thirds of OPEC's oil is in the Middle East.
Global proven oil reserves increase by 33% over two decades
alethonews.wordpress.com - 6/10/2010 11:59:45 PM
Those countries now officially include Venezuela. BP has set at 56.6% 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% in 1989. Despite the region’s diminished standing as a ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
... s oil sands are a significant contributor to the recent growth in the world’s liquid fuel supply and comprise the vast majority of the country’s proven oil reserves. Total oil supply in 2012 (thousand barrels per day): 3,538.4 International sancti ...