List of countries by proven oil reserves

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.

Map of countries with proven oil reserves - according to U.S. 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

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.

Comparison of proven oil reserves from some widely used sources (billions of barrels, as of 31 Dec. 2014/1 Jan. 2015)

Source Canada Iran Russia Saudi Arabia United States Venezuela
BP[1] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[2] 4.2 157.5 80.0 266.6 36.5 300.0
US CIA[3] 171.0 157.8 103.2 268.3 36.5 298.4
US EIA[4] 172.5 157.8 80.0 268.3 39.9 298.4

Countries

Reserves amounts are listed in millions of barrels. The column "Years of production in reserve" uses the daily production figures as of 2016[5] (multiplied with 365).


* indicates "Oil reserves in COUNTRY or TERRITORY" or "Energy in COUNTRY or TERRITORY" links.

Proven reserves (millions of barrels)
Country US EIA
[6]		 OPEC
[7]		 BP
[8]		 Others Production[5]
(million bbl/year)		 Years of
production
in reserve
 Venezuela * 303,806.00302,809300,900831.1366
 Saudi Arabia * 258,600.00266,260266,0003,818.168
 Iran * 208,600.00[9] 208,600155,6001,452.9144
 Canada * 170,300.004,421172,200[10] 171,0001,336.8127
 Iraq * 145,019.00147,223143,1001,624.889
 Kuwait * 101,500.00104,000104,0001,067.295
 United Arab Emirates * 97,800.0098,63098,6301,133.786
 Russia * 80,000.0080,000102,4003,851.321
 Libya * 48,363.0074,36378,400366.1132
 United States * 47,107.0032,77355,000[11] 43,6293,239.715
 Nigeria * 36,890.0037,45337,100730.051
 Kazakhstan * 30,000.0030,00030,000582.252
 China * 26,022.6.0025,62718,5001,452.918
 Qatar * 25,244.0025,24425,244555.945
 Brazil * 12,714.6.0012,63413,000[11] 16,848918.114
 Algeria * 12,200.0012,20012,200492.125
 Ecuador 8,273.008,2738,000200.241
 Norway * 8,122.151.006,3768,000601.514
 Angola * 7,783.008,38412,700645.912
 Azerbaijan * 7,000.007,0007,000304.223
 Mexico * 5,786.1.006,53710,800[12] 9.700798.27
 Oman * 5,373.005,3735,300367.515
 Sudan * 5,000.005,0001,50093.154
 India * 4,604.914.004,4955,680[11] 4,409267.017
 Vietnam * 4,400.004,4004,000110.240
 Malaysia * 3,600.003,6003,600[11] 5,542241.315
 Egypt * 3,300.004,4003,500180.418
 Yemen * 3,000.003,000
 Congo 2,882.001,600
 United Kingdom * 2,500.002,0692,8002,618343.17
 Syria * 2,500.002,5002,500
 Uganda * 2,500.00
 Argentina * 2,482.704.002,1622,4002,330
 Indonesia * 2,480.003,3103,600[11] 3,497304.28
 Australia * 2,446.003,9854,0004,002
 Colombia * 2,036.001,6652,300
 Gabon * 2,000.002,0002,000
 Chad * 1,500.001,500
 Brunei * 1,100.001,1001,100
 Equatorial Guinea * 1,100.001,100
 Peru * 858.89.001,400[11] 1,489
 Ghana * 660.00
 Romania * 600.00600
 Turkmenistan * 600.00600600
 Uzbekistan * 594.00594600
 Pakistan * 540.00[11] 236
 Italy * 497.934.00600[11] 595
 Denmark * 441.00439600[11] 550
 Tunisia * 425.00400
 Ukraine * 395.00395
 Turkey * 366.00[11] 284
 Thailand * 252.75.00400
 Trinidad and Tobago 242.982.00700[11] 830
 Bolivia * 240.9.00[11] 210
 Cameroon * 200.00
 Belarus * 198.00198
 Bahrain * 186.5.00
 DR Congo 180.00
 Papua New Guinea * 159.656.00[11] 158
 Albania * 150.00
 Chile * 150.00
 Niger * 150.00
 Spain * 150.00
 Myanmar * 139.00
 Philippines 138.5.00
 Netherlands 137.747.00[11] 141
 Cuba * 124.00[11] 124
 Germany * 115.2.00[11] 229
 Poland * 113.00[11] 151
 Ivory Coast * 100.00
 Suriname 890
 Guatemala 86.110
 Serbia * 77.50
 Croatia * 710
 France * 61.7190
 Japan * 44.1150
 New Zealand * 40.9930
 Kyrgyzstan * 400
 Austria * 35.20
 Georgia * 350
 Bangladesh * 280
 Mauritania * 200
 Bulgaria * 150
 Czech Republic * 15015.0
 South Africa * 15015
 Israel * 12.730[11] 12
 Hungary * 12.10[11] 35
 Lithuania * 120
 Tajikistan * 120
 Greece * 100
 Slovakia * 9
 Benin * 8
 Belize * 6.7
 Taiwan * 2.38
 Barbados 1.978
 Jordan * 1[11] 1
 Morocco * 0.684
 Ethiopia * 0.428
 South Sudan --
 Kenya * 0.00750
 World1,661,905.712.001,535,7731,750,60029,42756

See also

References
  1. BP Statistical Review of World Energy, 2015
  2. OPEC Statistical Bulletin, 2015.
  3. World Factbook, US Central Intelligence Agency, 2015.
  4. "U.S. Crude Oil plus Lease Condensate Proved Reserves". www.eia.gov. Retrieved 13 June 2021.
  5. "Production of Crude Oil including Lease Condensate 2016" (CVS download). U.S. Energy Information Administration. Retrieved 27 May 2017.
  6. U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 17 June 2,020.
  7. Economou, Andreas; Fattouh, Bassam (7 May 2021). "OPEC at 60: the world with and without OPEC". OPEC Energy Review. 45: 3–28. doi:10.1111/opec.12205. ISSN 1753-0229.
  8. "Figure 3—figure supplement 1. All 188 single base-pair M2R quartets for add riboswitch". 15 February 2018. doi:10.7554/elife.29602.009. Cite journal requires |journal= (help)
  9. "OPEC : Iran". www.opec.org. Retrieved 13 June 2021.
  10. Oil Resources, Natural Resources Canada, 16 Feb. 2,016.
  11. Reolon, Dario; Di Maggio, Federica; Moriggi, Sara; Galli, Giuseppe; Pirrone, Marco (24 June 2020). "Unlocking Data Analytics for the Automatic Evaluation of Cement Bond Scenarios". SPWLA 61st Annual Online Symposium Transactions. Society of Petrophysicists and Well Log Analysts. doi:10.30632/spwla-5060.
  12. "Request Rejected". www.pemex.com. Retrieved 13 June 2021.
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