A map of world oil reserves according to OPEC, January 2014. This is a list of countries by proven oil reserves. Proven reserves are those quantities of Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is Proven reserves are those reserves claimed to have a reasonable certainty (normally at least 90% confidence) of The total amount of unconventional oil resources in the world considerably exceeds the amount of conventional According to current estimates, 79.4% of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle 22 May 2019 The 15 countries with the largest proven oil reserves span five continents and control between 12.8 billion barrels to 303.2 billion barrels of oil. Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil
China holds 25,132,122,000 barrels of proven oil reserves as of 2016, ranking 14th in the world and accounting for about 1.5% of the world's total oil reserves of 1,650,585,140,000 barrels. China has proven reserves equivalent to 5.4 times its annual consumption . On a global basis, Rystad estimates that the world has about 2,092 billion barrels of reserves, or about 70 years’ worth of oil at today’s production rate of 30 billion barrels per year. That compares to the 1,300 billion barrels produced around the world in history. In contrast to U.S. reserves, which declined between 1980 and 2004, global proved reserves increased nearly every year. In 1980 they were 683 billion barrels. At the 1980 rate of global oil production, that would have been enough oil to last about 30 more years.
Proven oil reserves of 728 billion barrels, representing 55 percent of the world's oil reserves at the end of 2006; Oil production capacity of 25.4 million barrels per 22 Oct 2012 Proven oil reserve is equal to rest of the world combined. By could be recovered it would be "equal to the entire world's proven oil reserves.". 7 Jun 1992 But large increases in the world's proven reserves give the industry cause for optimism--the inevitable oil shortage is far into the future. Hermann 15 Jul 2011 Latin America Has One-Fifth of Global Oil Reserves and the Caribbean, given the rise in the region's proven oil reserves in recent years. 1 Mar 2003 Therefore, in order to have proven reserves increasing although oil is But, for the whole set of oil fields in the world, the probability of 5 Jul 2016 Proven Saudi oil reserves are believed to total about 70 billion barrels, Until international crude prices climb enough to warrant opening up 22 Oct 2015 Around the world, over 34 billion barrels of oil are used every year. than 80% of the world's proven oil reserves are located in OPEC Member
The World's Largest Oil Reserves By Country - WorldAtlas.com www.worldatlas.com/articles/the-world-s-largest-oil-reserves-by-country.html The data series for total proved oil reserves does not necessarily meet the definitions, The top countries in terms of reserves are Venezuela (17.5% of global 16 Dec 2019 Canada has the third-largest proven oil reserve in the world, most of which is in the oil sands. Proven oil reserves are reserves that are known Non-OPEC Developing Country Oil Producers. (All countries accounting for at least 0.1 per cent of world proved reserves, i.e. 650 million barrels or more, and at Proved reserves of crude oil as of January 1 of the report year are the The United States of America is the top country by crude oil reserves in the world. Proved Crude Oil Reserves - world statistics and charts as map, diagram and table. Reserves of crude oil by the countries of the world. Rank (total), Country
The Oil & Gas Journal, a prominent weekly magazine for the petroleum industry, estimated in late 2007 that the world's proven reserves amounted to roughly 1.3 The mission of the Office of Petroleum Reserves (OPR) is to protect the United petroleum stocks, and to carry out the U.S. obligations under the International Energy In the event of a natural disaster or other national emergency, the United established oil reserves stood at 168.1 billion barrels. This gives Alberta the distinction of having the third- largest proven oil reserves in the world. 2000 Organization of the Petroleum Exporting Countries. 309. Table 1. Proven reserves for selected countries billion barrels. Oil and Gas Journal. OPEC. of generating reserves estimates at enterprise, national and global levels. What are petroleum reserves? Petroleum (or any other natural resource) reserves. This accounts for nearly one half of the world's total reserves of about 1.5 to 1.7 Tbo. Note that these data are given for geo-statistically 'proven', recoverable (with 10 Nov 2019 Its existing proven reserves are of some 150 billion barrels, Mr Rouhani said. It has the world's fourth-biggest oil reserves and second-largest