Countries with crude oil reserves

1 Oil includes crude oil, all other petroleum liquids, and biofuels. 2 Production includes domestic production of crude oil, all other petroleum liquids, biofuels, and refinery processing gain. 3 Most recent year for which data are available when this FAQ was updated.

The Strategic Oil Reserve was established in 1973 out of concerns that political conflict with Arab countries and trade embargoes would compromise the United  24 Jun 2019 With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a  22 Feb 2019 Likewise, Canada's 319% increase in reserves was mostly driven by the growth of the country's proved reserves of oil sands. A sampling of  21 Jul 2011 Saudi Arabia, the largest producer. Although Venezuela has the largest reserves, with regard to the capacity to exploit its oil Saudi Arabia 

The Strategic Oil Reserve was established in 1973 out of concerns that political conflict with Arab countries and trade embargoes would compromise the United 

The Middle East represents 65% of world oil reserves. Saudi Arabia is by far the region's largest producer and exporter accounting for approximately 42% of  With the world's seventh largest proven crude oil reserves, the UAE is a responsible producer and critical partner in global energy markets. As a mainstay to the  Unsurprisingly, the Middle East is the richest region in terms of oil reserves, although on a country basis Venezuela has the  Traditionally, Venezuela had been South America's biggest producer. Its oil reserves (18% of the world's total) outstrip those of Saudi Arabia. But the political   In 2014, Alberta's remaining established oil reserves stood at 168.1 billion barrels. This gives Alberta the distinction of having the third- largest proven oil reserves  Projecting 2001 production levels, by 2020 83% of global oil reserves will be The two countries with the highest rate of growth in oil use are China and India, 

1 Oil includes crude oil, all other petroleum liquids, and biofuels. 2 Production includes domestic production of crude oil, all other petroleum liquids, biofuels, and refinery processing gain. 3 Most recent year for which data are available when this FAQ was updated.

This is a list of countries by proven oil reserves. Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be 

Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves 

With the world's seventh largest proven crude oil reserves, the UAE is a responsible producer and critical partner in global energy markets. As a mainstay to the  Unsurprisingly, the Middle East is the richest region in terms of oil reserves, although on a country basis Venezuela has the  Traditionally, Venezuela had been South America's biggest producer. Its oil reserves (18% of the world's total) outstrip those of Saudi Arabia. But the political   In 2014, Alberta's remaining established oil reserves stood at 168.1 billion barrels. This gives Alberta the distinction of having the third- largest proven oil reserves  Projecting 2001 production levels, by 2020 83% of global oil reserves will be The two countries with the highest rate of growth in oil use are China and India,  10 Nov 2019 The discovery, if verified, could bolster the country's proven reserves by a third as it struggles to sell energy abroad in the face of U.S. sanctions.

This is a list of countries by proven oil reserves. Proven 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. Some statistics on this page are disputed and controversial. Different sources give different figures. Some of the differences reflect different types of oil included. Diffe

22 May 2019 With a small population, and a wealth of oil – over 25.2 billion barrels in proven reserves – Qatar has the highest GDP per capita of any country in  List of world countries by proven Oil Reserves in million cubic feet (MMcf), and per capita. The United States of America is the top country by crude oil reserves in the world. As of October 2019, crude oil reserves in the United States of America was  Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves  8 Jan 2019 The World's Largest Oil Reserves By Country. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing 

The top three oil producing countries are Russia, Saudi Arabia and the United States.  While Russia and Saudi Arabia are top reserve countries, the United States is not (with only 1.8% of proven Venezuela holds the world’s largest proven oil reserves. The country’s proven oil reserve as of January 2013 stood at 297.57 billion barrels accounting for about one fifth of the world’s total proven oil reserve. The country produced 2.8million barrels of crude oil per day in 2012 with 149 active rigs. 10 Huge Countries Without Their Own Oil The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three — Saudi Arabia, Venezuela and Canada — account for nearly a third of the total.There are far more countries with no or very little oil than those countries with deposits 1 Oil includes crude oil, all other petroleum liquids, and biofuels. 2 Production includes domestic production of crude oil, all other petroleum liquids, biofuels, and refinery processing gain. 3 Most recent year for which data are available when this FAQ was updated.