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
Shale gas/oil reserves: government expects to complete study by November-end
Business Recorder - 3/8/2014 10:59:03 PM
The government is expecting to complete a study on fixing the exact estimates of shale gas/oil reserves by the end of November 2014, which according to revised estimates of the US Energy Information Administration (EIA), stand at 586 Trillion Cubic Feet ...
Libyan leader threatens to bomb North Korean oil tanker
CNN - 3/8/2014 9:33:09 PM
Tripoli, Libya (CNN)-- Libya's prime minister threatened Saturday night to bomb a North Korean ... and that it is registered in North Korea. A spokesman for Libya's National Oil Corporation indicated the tanker was Saudi owned, but Saudi ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
Here are the top countries with the biggest proven oil reserves ... Arabia last year to become the holder of the largest oil reserves in the world. However, annual oil production of the OPEC supplier is considerably less than the Kingdom.
30 countries with highest proven oil reserves
Rediff - 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.
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
Using data from British Petroleum’s 2013 statistical review of world energy, we calculated the countries with the largest reserves in three key fossil fuel categories—oil, coal, and natural gas. We then calculated the total value of the ...
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 ...
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 ...
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 ...
15 countries with biggest oil reserves
Rediff - 10/18/2011 5:22:59 AM
As of 2010, the US government estimates that the world has proved reserves ... here are the countries with the biggest proved oil 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 ...
FACTBOX-Oil reserves: declining - but how fast?
Reuters - 7/21/2010 9:42:14 AM
In January 2006, leading industry newsletter Petroleum Intelligence Weekly (PIW) said it had seen internal Kuwaiti records showing that Kuwait's actual oil reserves, which were officially stated at around 99 billion barrels, were in fact much lower.
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 could potentially step up production ...
Top 10 oil and gas producing countries in 2012
mining.com - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Why Venezuela’s World-Beating Oil Reserves Are 'Irrelevant'
CNBC - 6/15/2012 1:48:45 AM
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because ... A founding member of the Organization of Petroleum Exporting Countries, Venezuela's total deposits stood at an estimated 296.5 billion barrels ...
Iraq raises proven oil reserves figure by 25 percent
Reuters - 10/4/2010 5:17:19 PM
"The new proved reserves figure ... regardless of how well the country is functioning politically," he said. HOW MUCH OIL LEFT Iraq's reserves revision may revive debate about how much oil the world has left. Companies have made numerous ...