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
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
But the U.S. must conservatively report “Proven Reserves” as the sum of the ... that are state-owned monopolies that control all oil development within a country. Unlike private companies, the World Energy Outlook 2010 warned that NOC “reserve ...
Mexico's proven oil and gas reserves fall 3 pct in 2013
Thomson Reuters - 4/14/2014 11:09:27 AM
Mexico, the world's tenth-biggest crude producer, has not been able to discover and certify new oil and gas fields as fast ... led to a precipitous decline in the country's reserve base. Mexico boasted proven reserves of about 55 billion boe in 1990 ...
Venezuela home to world's largest oil reserves
MENAFN - 4/14/2014 11:55:23 PM
(MENAFN) With proven crude oil reserves amount of 298.35 billion barrels, Venezuela is considered the world's largest country with oil reserves, Xinhua reported. The Venezuelan Oil and Mining Ministry said that the country was adding 1.673 billion barrels ...
Venezuela has world's largest oil reserves
The Global Times - 4/15/2014 3:15:49 AM
The Venezuelan Oil and Mining Ministry announced Monday its proven crude oil reserves amount to 298.35 billion barrels, meaning Venezuela is home to the world's largest oil reserves. The ministry said it was adding 1.673 billion barrels to its inventory ...
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 ...
Venezuela Has The World’s Largest Crude Oil Reserves
Live Trading News - 4/15/2014 10:56:56 PM
The Venezuelan Oil and Mining Ministry announced Monday its proven Crude Oil reserves amount to 298.35-B bbls, meaning Venezuela is home to the world’s largest Crude Oil reserves. The ministry said it was adding 1.673-B bbls to its inventory from ...
U.S. Crude Reserves Hit Highest Levels in nearly 40 Years
Oil Price - 4/14/2014 12:53:50 AM
New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976. The EIA released a report on April 10, entitled “U.S. Crude Oil and Natural Gas Proved Reserves (2012),” which indicated that ...
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.
Talisman Energy Inc Is Seriously Undervalued, and Here's Why
The Motley Fool - 4/20/2014 5:28:53 PM
However, it is possible that there is still value to be had in struggling Talisman as the company remains a functioning international player in the world ... reserves held by the company, net of extraction expenses. Talisman's estimated proved plus ...
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 ...
Oil Shale Reserves
The Daily Reckoning - 4/17/2014 3:23:35 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 10 Oil Reserves in the World
energydigital.com - 5/9/2013 11:57:45 PM
The country also contains oil sands deposits, less viscous than Canada ... Iran has about 150 billion barrels of proven oil reserves—roughly ten per cent of the world's total proven petroleum reserves. Iran is also the world's fourth-largest oil producer ...
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.
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 ...