List of countries by proven oil reserves

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Map of countries with proven oil reserves - according to US EIA (start of 2017) Map-of-countries-by-proven-oil-reserves-(in-millions-of-barrels)---2017---US-EIA---Jo-Di-graphics.jpg
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) Oil Reserves Top 5 Countries.png
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 Oil Reserves Updated.png
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.

Contents

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)
SourceCanadaIranIraqRussiaSaudi ArabiaUnited StatesVenezuela
BP [1] 168.1157.8145.0107.8297.568.8303.8
OPEC [2] [3] 5.0208.6145.080.0267.238.8303.5
US CIA [4] 170.3208.6145.080.0258.638.2303.8
US EIA [5] 168.1208.6145.080.0261.660.5303.6


Countries

Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)
Country US EIA
[6]
OPEC
[7]
BP
[8]
OthersOil production
Dec 2023 (bbl/day) [9]
Years of
production
in reserve
Flag of Venezuela.svg Venezuela *(OPEC)304,000303,220303,800770,0001,082
Flag of Saudi Arabia.svg Saudi Arabia *(OPEC)259,000266,260297,6008,950,00079
Flag of Iran.svg Iran *(OPEC)209,000208,600155,6004,084,000140
Flag of Canada (Pantone).svg Canada * 170,0004,421172,200171,0004,971,00094
Flag of Iraq.svg Iraq *(OPEC)145,000147,223145,0004,375,00091
Flag of Kuwait.svg Kuwait *(OPEC)102,000104,000101,5002,644,000106
Flag of the United Arab Emirates.svg United Arab Emirates *(OPEC)98,000113,00097,8003,300,00081
Flag of Russia.svg Russia * 80,00099,000107,80010,126,00022
Flag of Libya.svg Libya *(OPEC)48,00074,36348,4001,248,000105
Flag of the United States.svg United States * 48,30032,77368,80043,62913,295,00010
Flag of Somalia.svg Somalia * 50,000 50,00050,00010
Flag of Nigeria.svg Nigeria *(OPEC)37,00037,45337,1001,573,00064
Flag of Somaliland.svg Somaliland * 30,000 30,00030,00010
Flag of Kazakhstan.svg Kazakhstan * 30,00030,00030,0001,897,00043
Flag of the People's Republic of China.svg China * 26,00027,00026,0004,172,00017
Flag of Qatar.svg Qatar * 25,00025,24425,2441,322,00052
Flag of Brazil.svg Brazil * 13,00012,63413,00016,8483,585,00010
Flag of Algeria.svg Algeria *(OPEC)12,00012,20012,2001,160,00028
Flag of Guyana.svg Guyana * 11,00011,000555,00054
Flag of Ecuador.svg Ecuador 8,3008,2738,000486,00047
Flag of Norway.svg Norway * 8,1006,3768,5001,894,00012
Flag of Angola.svg Angola * 7,8008,3847,8001,235,00017
Flag of Azerbaijan.svg Azerbaijan * 7,0007,0007,000601,00032
Flag of Mexico.svg Mexico * 5,8006,53710,8009.7001,903,0008.4
Flag of Oman.svg Oman * 5,4005,3735,3001,040,00014
Flag of India.svg India * 4,6004,4955,6804,409589,00021
Flag of Vietnam.svg Vietnam * 4,4004,4004,000165,00073
Flag of South Sudan.svg South Sudan 3,8003,500160,00065
Flag of Malaysia.svg Malaysia * 3,6003,6003,6005,542525,00019
Flag of Egypt.svg Egypt * 3,3004,4003,500559,00016
Flag of Yemen.svg Yemen * 3,0003,00015,000548
Flag of the Republic of the Congo.svg Congo(OPEC)2,9001,8112,900253,00031
Flag of the United Kingdom.svg United Kingdom * 2,5002,0692,8002,618647,00011
Flag of Syria.svg Syria * 2,5002,5002,50095,00072
Flag of Uganda.svg Uganda * 2,500
Flag of Argentina.svg Argentina * 2,5002,1622,500677,00010
Flag of Indonesia.svg Indonesia * 2,5003,3103,6003,497605,00011
Flag of Australia (converted).svg Australia * 2,4003,9854,0004,002395,00017
Flag of Colombia.svg Colombia * 2,0001,6652,300787,0007.0
Flag of Gabon.svg Gabon *(OPEC)2,0002,0002,000220,00025
Flag of Chad.svg Chad * 1,5001,500126,00033
Flag of Turkey.svg Turkey * 1,400135089,00043
Flag of Sudan.svg Sudan * 1,3005,0001,50071,00050
Flag of Brunei.svg Brunei * 1,1001,1001,100100,00030
Flag of Equatorial Guinea.svg Equatorial Guinea *(OPEC)1,1001,1001,10079,00038
Flag of Peru.svg Peru * 9001,4001,48944,00056
Flag of Ghana.svg Ghana * 700175,00011
Flag of Romania.svg Romania * 60060057,00029
Flag of Turkmenistan.svg Turkmenistan * 600600600191,0008.6
Flag of Uzbekistan.svg Uzbekistan * 60059460032,00051
Flag of Pakistan.svg Pakistan * 50023683,00017
Flag of Italy.svg Italy * 500600595119,00012
Flag of Denmark.svg Denmark * 40043960055058,00019
Flag of Tunisia.svg Tunisia * 40040033,00033
Flag of Ukraine.svg Ukraine * 40039520[ citation needed ]
Flag of Thailand.svg Thailand * 300400136,0006.0
Flag of Trinidad and Tobago.svg Trinidad and Tobago * 20070083054,00010
Flag of Bolivia.svg Bolivia * 20021022,00025
Flag of Cameroon.svg Cameroon * 20049,00011
Flag of Belarus.svg Belarus * 20019829,00019
Flag of Bahrain.svg Bahrain * 200167,0003.3
Flag of the Democratic Republic of the Congo.svg DR Congo 20019,00029
Flag of Papua New Guinea.svg Papua New Guinea * 20015831,00018
Flag of Albania.svg Albania * 20014,00039
Flag of Chile.svg Chile * 2002,300238
Flag of Niger.svg Niger * 2006,00091
Flag of Spain.svg Spain * 2001005,479
Flag of Myanmar.svg Myanmar * 1007,10039
Flag of the Philippines.svg Philippines 100900304
Flag of the Netherlands.svg Netherlands 10014128,00010
Flag of Cuba.svg Cuba * 10012430,0009.1
Flag of Germany.svg Germany * 10022932,0008.6
Flag of Poland.svg Poland * 10015118,00015
Flag of Cote d'Ivoire.svg Ivory Coast * 10029,0009.4
Flag of Guatemala.svg Guatemala 866,00039
Flag of Serbia.svg Serbia * 7713,00016
Flag of Croatia.svg Croatia * 7110,00019
Flag of France.svg France * 6112,00014
Flag of Japan.svg Japan * 443,50034
Flag of New Zealand.svg New Zealand * 4011,00010
Flag of Kyrgyzstan.svg Kyrgyzstan * 406,20018
Flag of Austria.svg Austria * 358,80011
Flag of Georgia.svg Georgia * 35200479
Flag of Bangladesh.svg Bangladesh * 283,00026
Flag of Mauritania.svg Mauritania * 20
Flag of Bulgaria.svg Bulgaria * 151,00041
Flag of the Czech Republic.svg Czech Republic * 1515.01,40029
Flag of South Africa.svg South Africa * 15151,00041
Flag of Israel.svg Israel * 121215,0002.2
Flag of Hungary.svg Hungary * 123520,0001.6
Flag of Lithuania.svg Lithuania * 1270047
Flag of Tajikistan.svg Tajikistan * 12300110
Flag of Greece.svg Greece * 101,50018
Flag of Slovakia.svg Slovakia * 9100247
Flag of Benin.svg Benin * 8
Flag of Belize.svg Belize * 680021
Flag of the Republic of China.svg Taiwan * 220027
Flag of Barbados.svg Barbados 11,0002.7
Flag of Jordan.svg Jordan * 1110027
 World1,720,0001,585,1871,793,42482,926,00057

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

See also

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References

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  2. "2022 OPEC Annual Statistical Bulletin" (PDF). OPEC. Retrieved 10 August 2024.
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  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.
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