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
The Countries With The World’s Largest Crude Oil Reserves
Live Trading News - 4/22/2015 10:16:37 PM
... barrels per day): 3,854.4 Canada’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 petroleum reserves. Total Oil supply in Y 2012 (thousand ...
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.
Iran’s dependence on oil hits record low, says Rouhani
Al Bawaba - 4/26/2015 5:51:11 AM
The Iranian president noted that his administration also managed to increase the budget for the country’s development over the past two years. Iran holds the world's fourth-largest proven crude oil reserves and the second-largest natural gas reserves.
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves ... 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 oil reserves, but some reserves have been added to ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
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.
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 ...
Iran's tantalizing oil prize: Kemp
Reuters - 4/15/2015 1:28:03 PM
Iran's possible re-emergence as a major exporter would force a re-ordering of the world oil market both because of the country’s location on the cost-curve and the quality of its oil. Iran’s proved oil reserves of 160 billion barrels, almost 10 percent ...
TORC Oil & Gas to buy Canadian Bakken oil assets for C$430 mln
eaglefordtexas.com - 4/27/2015 9:27:44 PM
TORC said it had identified about 170 net high quality light-oil drilling locations on the acquired assets, which have total proved reserves of 12.5 million barrels ... “Given the new lower trading range for world crude oil prices, and Surge’s rapidly ...
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 ... 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 reserves ...
UAE has 4% of world's oil and 3.5% of gas reserves: Energy minister
Emirates247 - 4/16/2015 4:40:08 PM
The UAE has four per cent of the ... global gas reserves, said Energy Minister Suhail bin Mohammed Faraj Faris Al Mazrouei. He said the current UAE oil production accounts for nearly 10 per cent of the Organisation of Petroleum Exporting Countries (Opec ...
Venezuela oil revenue declines by $24b in 2014
customstoday.com.pk - 4/27/2015 12:59:30 PM
The OPEC member nation likely realized just over $50 billion in oil revenue in 2014 ... The fact that the country holds the world’s largest proven crude reserves has generally persuaded investors that it can afford to service its debts, in spite of ...
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 ... What follows is a look at the top 10 oil companies in the world based on proved reserves. Proved reserves, by definition, are those that have a “reasonable certainty” of being extracted ...
Oil Country Tubular Goods Market (OCTG) Global 2017 Forecasts Now Available at MarketReportsOnline.com
Yahoo Finance - 4/23/2015 9:32:29 PM
Photo - http://photos.prnewswire.com/prnh/20150423/201186 Oil country tubular goods market (OCTG ... Fuelled by the world's third largest proven conventional gas reserves, Qatar has positioned itself as the leading global exporter of liquefied natural ...
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 12:57:00 PM
However, most of that oil is controlled by countries, and not oil companies. In fact, about 75% of the world's oil is controlled ... That being said, proved oil reserves are still the lifeblood of oil stocks and therefore are very important to their ...