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 Feb 2025 (bbl/day) [9]	Years of production in reserve
Venezuela *(OPEC)	304,000.00	303,220	303,800		940,000	885
Saudi Arabia *(OPEC)	267,000.00	267,230	297,600		9,070,000	81
Iran *(OPEC)	209,000.00	208,600	155,600		4,270,000	134
Iraq *(OPEC)	201,000.00	145,020	175,000		4,331,000	127
Canada *	170,000.00	4,731	172,200	171,000	4,783,000	97
United Arab Emirates *(OPEC)	113,000.00	113,000	97,800		3,420,000	90
Kuwait *(OPEC)	102,000.00	101,500	101,500		2,525,000	111
Russia *(OPEC+)	80,000.00	80,000	107,800		9,795,000	22
United States *	74,000.00	55,251	68,800	48,000	13,159,000	15
Libya *(OPEC)	50,000.00	48,773	48,800	42,000	1,348,000	102
Nigeria *(OPEC)	37,000.00	37,500	37,100		1,580,000	64
Kazakhstan *(OPEC+)	30,000.00	30,000	30,000		2,132,000	39
Somalia *	30,000.00	30,000	30,000		0
China *	26,000.00	27,000	26,000		4,340,000	16
Qatar *	25,000.00	25,244	25,244		1,322,000	52
Brazil *(OPEC+)	13,000.00	12,634	13,000	16,848	3,488,000	10
Algeria *(OPEC)	12,000.00	12,200	12,200		1,160,000	28
Guyana *	11,000.00			11,000	625,000	48
Ecuador	8,300.00	8,273	8,000		469,000	48
Norway *	8,100.00	7,573	8,500		1,733,000	13
Angola *	7,800.00	2,550	7,800		1,065,000	20
Azerbaijan *(OPEC+)	7,000.00	7,000	7,000		581,000	33
Mexico *(OPEC+)	6,000.00	5,558	10,800	9,700	1,711,000	9.6
Oman *(OPEC+)	5,400.00	5,373	5,300		986,000	15
India *	4,600.00	4,495	5,680	4,409	607,000	21
Vietnam *	4,400.00	4,400	4,000		172,000	70
South Sudan(OPEC+)	3,800.00		3,500		80,000	130
Malaysia *(OPEC+)	3,600.00	3,600	3,600	5,542	485,000	20
Egypt *	3,300.00	4,400	3,500		508,000	18
Yemen *	3,000.00		3,000		15,000	548
Argentina *	3,000.00	2,838	2,500		745,000	11
Congo * (OPEC)	2,900.00	1,811	2,900		242,000	33
United Kingdom *	2,500.00	1,800	2,800	2,618	660,000	10
Syria *	2,500.00	2,500	2,500		35,000	196
Uganda *	2,500.00				230,000	35
Indonesia *	2,500.00	2,250	3,600	3,497	577,000	12
Australia *	2,400.00	1,803	4,000	4,002	235,000	28
Suriname	2,400.00	2,400	2,400		12,000	548
Colombia *	2,000.00	2,040	2,300		756,000	7.2
Gabon *(OPEC)	2,000.00	2,000	2,000		220,000	25
Chad *	1,500.00		1,500		128,000	32
Turkey *	1,400.00			1350	124,000	31
Sudan *(OPEC+)	1,300.00	5,000	1,500		40,000	89
Brunei *(OPEC+)	1,100.00	1,100	1,100		107,000	28
Equatorial Guinea *(OPEC)	1,100.00	1,100	1,100		88,000	34
Peru *	900.00		1,400	1,489	46,000	54
Ghana *	700.00				186,000	10
Romania *	600.00		600		53,000	31
Turkmenistan *	600.00	600	600		191,000	8.6
Uzbekistan *	600.00	594	600		30,000	55
Pakistan *	500.00			236	68,000	20
Italy *	500.00		600	595	93,000	15
Denmark *	400.00	439	600	550	55,000	20
Tunisia *	400.00		400		26,000	42
Ukraine *	400.00		400		34,000	32
Thailand *	300.00		400		158,000	5.2
Trinidad and Tobago *	200.00		700	830	50,000	11
Bolivia *	200.00			210	18,000	30
Cameroon *	200.00				60,000	9
Belarus *	200.00	198			26,000	21
Bahrain *(OPEC+)	200.00				182,000	3.0
DR Congo *	200.00				14,000	39
Papua New Guinea *	200.00			158	29,000	19
Albania *	200.00				12,000	46
Chile *	200.00				2,100	261
Niger *	200.00				88,000	6
Spain *	200.00
Myanmar *	100.00				6,800	40
Philippines *	100.00				900	304
Netherlands *	100.00			141	22,000	12
Cuba *	100.00			124	26,000	10.5
Germany *	100.00			229	32,000	8.6
Poland *	100.00			151	18,000	15
Ivory Coast *	100.00				68,000	4.0
Guatemala *	86.00				5,600	42
Serbia *	77.00				12,000	18
Croatia *	71.00				9,200	21
France *	61.00				10,000	17
Japan *	44.00				3,400	35
New Zealand *	40.00				7,200	15
Kyrgyzstan *	40.00				5,700	19
Austria *	35.00				9,000	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			1,300	32
South Africa *	15.00	15			500	82
Israel *	12.00			12	18,000	1.8
Hungary *	12.00			35	24,000	1.4
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
Morocco *	1.00
World	1,720,000	1,585,187	1,793,424		82,431,000	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)". Energy Information Administration . Retrieved 16 June 2025.