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
Scotland holds the largest oil reserve in the E.U. but proved they don’t need it
interestingengineering.com - 8/13/2016 6:22:00 AM
While the country is estimated to have the largest oil reserves in Europe, the country has proven they largely do not need it ... With one of the first countries to harness the power of water in the world, Scotland continues to live abide by that legacy ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 6/29/2016 11:57:31 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 ...
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 ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
We present here a list of countries with highest proven oil reserves ... 10 oil-producing nations in the world. 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 ...
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 ...
World's Top 10 Oil Exporters
Investopedia - 8/23/2016 4:04:16 PM
In 2015, the country exported $50.2 billion worth of the commodity, or 6.4%. Due to the size of the Athabasca oil sands, it is estimated that Canada has approximately 13% of the world's oil reserves. These reserve levels are only topped by Venezuela and ...
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 ...
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.
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
UPDATE 2-World proven oil reserves at end 2006 edge down-BP
Reuters - 6/12/2007 11:51:23 AM
World ... more countries published reserves data. "We have rolled over the 2005 reserves figures for many countries due to reporting lags," he said, adding that this meant there might ultimately not be a decline for 2006. He said global proved oil and ...
World's Proven Reserves Jump 100 Gb in 2003?
resilience.org - 7/8/2004 11:55:09 PM
with one or two country exceptions. Moreover, reserves of shale oil and oil sands were not included in the 2002 figures published in 2003. The differences between the world oil proved oil reserves of 1.15 trillion barrels in 2003 and the figure reported in ...
Indians have proved time and again they can be world beaters: Leander
Hindustan Times - 8/23/2016 11:46:35 AM
Leander Paes says Indians have proved themselves ... players from Western countries in contact sports like rugby or football. However, in reflex sports like shooting, table tennis, badminton, we could be equal to anyone in the world. In a sport like ...
Venezuela Oil Price Up 11%
Latin American Herald Tribune - 8/21/2016 11:08:59 PM
... is the main export of Venezuela and provides most of the country's foreign currency. As of 2015, Venezuela had nearly 298 billion barrels of proved oil reserves -- the largest in the world. The next largest proved oil reserves are in Saudi Arabia with ...