List of countries by proven oil reserves

Map of countries with proven oil reserves - according to US EIA (start of 2017)

Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)

A map of world oil reserves according to OPEC, January 2014

Proven oil 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 (OPEC, CIA World Factbook , oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.

Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.

Sources

Sources sometimes differ on the volume of proven oil reserves. The differences sometimes result from different classes of oil included, and sometimes result from different definitions of proven. (The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves,^{[ citation needed ]} and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)

Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021)

Source	Canada	Iran	Iraq	Russia	Saudi Arabia	United States	Venezuela
BP [1]	168.1	157.8	145.0	107.8	297.5	68.8	303.8
OPEC [2] [3]	5.0	208.6	145.0	80.0	267.2	38.8	303.5
US CIA [4]	170.3	208.6	145.0	80.0	258.6	38.2	303.8
US EIA [5]	168.1	208.6	145.0	80.0	261.6	60.5	303.6

Countries

Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)

Country	EIA [6]	OPEC [7]	BP [8]	Others	Oil production Dec 2023 (bbl/day) [9]	Years of production in reserve
Venezuela *(OPEC)	304,000.00	303,220	303,800		900,000	925
Saudi Arabia *(OPEC)	267,000.00	267,230	297,600		8,950,000	79
Iran *(OPEC)	209,000.00	208,600	155,600		4,084,000	140
Iraq *(OPEC)	201,000.00	185,223	175,000		4,560,000	87
Canada *	170,000.00	171,000	172,200	171,000	5,300,000	88
United Arab Emirates *(OPEC)	113,000.00	113,000	97,800		3,300,000	81
Kuwait *(OPEC)	102,000.00	104,000	101,500		2,644,000	106
Russia *(OPEC+)	80,000.00	99,000	107,800		10,126,000	22
United States *	74,000.00	68,000	68,800	48,000	13,295,000	15
Libya *(OPEC)	50,000.00	48,773	48,800	42,000	1,800,000	76
Nigeria *(OPEC)	37,000.00	37,500	37,100		1,891,000	54
Kazakhstan *(OPEC+)	30,000.00	30,000	30,000		1,950,000	42
Somalia *	30,000.00	30,000	30,000		50,000	164
China *	26,000.00	27,000	26,000		4,360,000	16
Qatar *	25,000.00	25,244	25,244		1,322,000	52
Brazil *(OPEC+)	13,000.00	12,634	13,000	16,848	4,200,000	8
Algeria *(OPEC)	12,000.00	12,200	12,200		1,160,000	28
Guyana *	11,000.00			11,000	645,000	47
Namibia *	11,000.00			11,000	250,000	121
Ecuador	8,300.00	8,273	8,000		510,000	45
Norway *	8,100.00	6,376	8,500		2,380,000	9
Angola *	7,800.00	8,384	7,800		1,649,000	13
Azerbaijan *(OPEC+)	7,000.00	7,000	7,000		601,000	32
Mexico *(OPEC+)	6,000	6,537	10,800	9,700	2,428,000	6.5
Oman *(OPEC+)	5,400.00	5,373	5,300		1,040,000	14
India *	4,600.00	4,495	5,680	4,409	612,000	21
Vietnam *	4,400.00	4,400	4,000		176,000	68
South Sudan(OPEC+)	3,800.00		3,500		160,000	65
Malaysia *(OPEC+)	3,600.00	3,600	3,600	5,542	644,000	15
Egypt *	3,300.00	4,400	3,500		559,000	16
Yemen *	3,000.00		3,000		238,000	35
Congo * (OPEC)	2,900.00	1,811	2,900		271,000	29
United Kingdom *	2,500.00	2,069	2,800	2,618	647,000	11
Syria *	2,500.00	2,500	2,500		135,000	51
Uganda *	2,500.00	2,500	2,500		230,000	35
Argentina *	3,000.00	2,162	2,500		866,000	8
Indonesia *	2,500.00	3,310	3,600	3,497	635,000	11
Australia *	2,400.00	3,985	4,000	4,002	395,000	17
Suriname	2,400.00	2,400	2,400		16,000	421.5
Colombia *	2,000.00	1,665	2,300		787,000	7.0
Gabon *(OPEC)	2,000.00	2,000	2,000		226,000	24
Chad *	1,500.00		1,500		140,000	33
Turkey *	1,400.00			1350	89,000	43
Sudan *(OPEC+)	1,300.00	5,000	1,500		200,000	18
Brunei *(OPEC+)	1,100.00	1,100	1,100		100,000	30
Equatorial Guinea *(OPEC)	1,100.00	1,100	1,100		79,000	38
Peru *	900.00		1,400	1,489	53,000	47
Ghana *	700.00				177,120	11
Romania *	600.00		600		69,000	24
Turkmenistan *	600.00	600	600		270,000	6.1
Uzbekistan *	600.00	594	600		67,000	25
Pakistan *	500.00			236	83,000	17
Italy *	500.00		600	595	89,000	15
Denmark *	400.00	439	600	550	56,000	20
Tunisia *	400.00		400		33,000	33
Ukraine *	400.00		400		34,000	32
Thailand *	300.00		400		136,000	6.0
Trinidad and Tobago *	200.00		700	830	54,000	10
Bolivia *	200.00			210	22,000	25
Cameroon *	200.00				49,000	11
Belarus *	200.00	198			34,000	16
Bahrain *(OPEC+)	200.00				183,000	3.0
DR Congo *	200.00				25,000	22
Papua New Guinea *	200.00			158	31,000	18
Albania *	200.00				14,000	39
Chile *	200.00				2,300	238
Niger *	200.00				6,000	91
Spain *	200.00
Myanmar *	100.00				7,100	39
Philippines *	100.00				900	304
Netherlands *	100.00			141	28,000	10
Cuba *	100.00			124	30,000	9.1
Germany *	100.00			229	32,000	8.6
Poland *	100.00			151	18,000	15
Ivory Coast *	100.00				29,000	9.4
Guatemala *	86.00				6,000	39
Serbia *	77.00				13,000	16
Croatia *	71.00				10,000	19
France *	61.00				12,000	14
Japan *	44.00				3,500	34
New Zealand *	40.00				11,000	10
Kyrgyzstan *	40.00				6,200	18
Austria *	35.00				8,800	11
Georgia *	35.00				200	479
Bangladesh *	28.00				3,000	26
Mauritania *	20.00
Bulgaria *	15.00				1,000	41
Czech Republic *	15.00	15.0			1,400	29
South Africa *	15.00	15			12,000	3
Israel *	12.00			12	15,000	2.2
Hungary *	12.00			35	20,000	1.6
Lithuania *	12.00				700	47
Tajikistan *	12.00				300	110
Greece *	10.00				1,500	18
Slovakia *	9.00				100	247
Benin *	8.00
Belize *	6.00				800	21
Taiwan *	2.00				200	27
Barbados *	1.00				1,000	2.7
Jordan *	1.00			1	100	27
World	1,720,000	1,585,187	1,793,424		82,926,000	57

* indicates links to "Oil reserves in Country or Territory" or "Energy in Country or Territory" pages.

See also

• List of countries by oil production
• List of countries by oil consumption
• List of countries by natural gas proven reserves

References

1. "Full report – Statistical Review of World Energy 2021" (PDF). BP. Retrieved 10 August 2024.
2. "2022 OPEC Annual Statistical Bulletin" (PDF). OPEC. Retrieved 10 August 2024.
3. "Interactive charts". asb.opec.org. Retrieved 10 August 2024.
4. "Petroleum - The World Factbook". www.cia.gov. Retrieved 10 August 2024.
5. "Largest proved reserve holders of crude oil" (XLSX). eia.gov. 1 December 2021. Retrieved 10 August 2024.
6. "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 5 October 2023.
7. Economou, Andreas; Fattouh, Bassam (7 May 2021). "OPEC at 60: the world with and without OPEC". OPEC Energy Review. 45 (1): 3–28. Bibcode:2021OEnRv..45....3E. doi: 10.1111/opec.12205 . ISSN   1753-0229.
8. "Statistical Review of World Energy" (PDF). www.bp.com. 8 June 2016. Retrieved 23 October 2023.
9. "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 5 October 2023.