List of countries by proven oil reserves

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A map of world oil reserves, January 2014.
Trends in proved oil reserves in top five countries, 1980-2013 (date from US Energy Information Administration)

This is a list of countries by proven oil reserves.

Methodology

Proved 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 and there are different types of oil, ranging from cheap and easy to recover oils to shale oil or oil sands, which are more expensive and difficult to recover. For example, in the list below, Australia's total amount of oil does not include the shale oil 1

Because proven reserves includes oil recoverable under current economic conditions, nations may see large increases in proved 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 was judged economic.

Countries

Reserves amounts are listed in millions of barrels (MMbbl).

Country Reserves (MMbbl)
 OPEC 1,112,448 - 1,199,707
1  Venezuela (see: Oil reserves in Venezuela) 297,5702
2  Saudi Arabia (see: Oil reserves in Saudi Arabia) 267,910
3  Canada (see: Oil reserves in Canada) 173,625 - 175,200
4  Iran (see: Oil reserves in Iran) 157,3003
5  Iraq (see: Oil reserves in Iraq) 140,3004
6  Kuwait (see: Oil reserves in Kuwait) 104,0002
7  United Arab Emirates (see: Oil reserves in the United Arab Emirates) 97,800
8  Russia (see: Oil reserves in Russia) 80,0002
9  Libya (see: Oil reserves in Libya) 48,014
10  Nigeria (see: Oil reserves in Nigeria) 37,200
11  Kazakhstan 30,002
12  United States (see: Oil reserves in the United States) 26,5445
13  China 25,585
14  Qatar 25,382
15  Brazil 13,986
16  Mexico (see: Oil reserves in Mexico) 10,2642
17  Algeria 12,200
18  Angola 10,470
19  India 9,043
20  Ecuador 8,240
21  Azerbaijan 7,000
22  Norway 6,900
23  United Kingdom 6,900
 European Union(Excluding the UK) 6,700
24  Malaysia 5,800
25  Oman 5,500
26  Ghana (see: Oil reserves in Ghana) 5,000
27  Egypt 4,500
28  Vietnam 4,400
29  Australia 4,158
30  Indonesia 3,990- 4,118
31  Gabon 3,700
32  Yemen 3,00067
33  Argentina 2,805
34  Sudan 2,800
35  Syria 2,500
36  Mongolia 2,493
37  Colombia 2,377
38  Congo, Republic of the 1,940
39  Equatorial Guinea 1,705
40  Chad 1,500
41  Peru 1,240
43  Brunei 1,200
44  Uganda 1,000
45  Denmark 900
46  Trinidad and Tobago 830
47  Romania 650
47  Turkmenistan 600
48  Uzbekistan 594
49  East Timor 554
50  Bolivia 465
51  Thailand 442
52  Tunisia 425
53  Italy 400
54  Ukraine 395
55  Pakistan 313
56  Netherlands 310
57  Germany 276
58  Turkey 262
59  Cameroon 200
60  Albania 199
61  Belarus 198
62  Congo, Democratic Republic of the 180
63  Cuba (see: Oil reserves in Cuba) 1242
64  Papua New Guinea 170
65  Philippines 168
66  New Zealand 166
66  Chile 150
68  Spain 150
69  Bahrain 125
70  France 101
71  Ivory Coast 100
72  Mauritania 100
73  Poland 96
74  Austria 89
75  Guatemala 83
76  Afghanistan 808
77  Suriname 79
78  Serbia 77
79  Croatia 66
80  Burma 50
81  Japan 44
82  Kyrgyzstan 40
83  Georgia 35
84  Hungary 26
85  Bangladesh 28
86  Bulgaria 15
87  South Africa 15
88  Czech Republic 15
89  Lithuania 12
90  Tajikistan 12
91  Greece 10
92  Slovakia 9
93  Benin 8
94  Belize 7
95  Taiwan 2
96  Israel 2
97  Barbados 2
98  Jordan 1
99  Morocco 0.7
100  Ethiopia 0.4
101  Bahamas 02
- Total World (2011)9 1,481,526

See also

References

  1. ^ http://www.greenpeace.org/australia/news-and-events/media/releases/climate-change/climate-changing-shale-oil-ind
  2. ^ a b c d e f US Energy Information Administration, International energy statistics, (proved reserves as of 2013).
  3. ^ http://www.opec.org/opec_web/en/data_graphs/330.htm
  4. ^ http://www.opec.org/opec_web/en/data_graphs/330.htm
  5. ^ US Energy Information Administration, International energy statistics, (proved reserves as of 2012).
  6. ^ "Oil and gas in Yemen". NOREF peacebuilding. Retrieved 25 December 2013. 
  7. ^ "Energy and Minerals in Yemen". US Energy information Administration. Retrieved 24 December 2013. 
  8. ^ "Minerals in Afghanistan". USGS Minerals gov. Retrieved 24 December 2013. 
  9. ^ "OPEC: World proven crude oil reserves by country, 1960-2011". Opec.org. Retrieved 2013-09-21.