List of oil reserves countries

17 Feb 2020 Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil  9 Jan 2020 In 2000, Venezuela was 8th in the top ten list and has since moved to overtake Saudi Arabia as the country with the largest oil reserves. Topping 

Countries with the biggest oil reserves Venezuela. Venezuela holds the world’s largest proven oil reserves. Saudi Arabia. Saudi Arabia ranks second biggest holding 265.4 billion barrels of proven oil reserve. Canada. Canada’s proven oil reserves stand at 173.1 billion barrels, Iran. Iran Many countries maintain government-controlled oil reserves for both economic and national security reasons. According to the United States Energy Information Administration , approximately 4.1 billion barrels (650,000,000 m 3 ) of oil are held in strategic reserves, of which 1.4 billion is government-controlled. This is a list of countries by natural gas proven reserves based on The World Factbook (when no citation is given). or other authoritative third-party sources (as cited). Based on data from BP, at the end of 2009, proved gas reserves were dominated by three countries: Iran, Russia, and Qatar, which together held nearly half the world's proven reserves. The countries on this list span five continents and control anywhere from 12.8 billion barrels of oil to 303.2 billion barrels of oil. In most cases, oil has been an economic boon for the We bet you can’t guess which country has the largest oil reserves in the world in 2017. There are currently around 1.70 trillion barrels of proven oil reserves and the 16 countries with the biggest oil reserves in the world in 2017 hold roughly 96% of all the oil in the world.

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.

19 Apr 2018 In the subsequent sections, we'll go over the list of countries that have the largest oil reserves. Also, look at the countries that have expanded  1 Dec 2008 In a world running low on oil, several countries are still sitting on massive interconnected fields are among the largest oil deposits ever found. 30 Dec 2015 Venezuela has the world's largest oil reserves. Its government has for years used the money it makes producing oil to pay for pensions, health  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. With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a relatively new discovery. Previously, Saudi Arabia had always held the number one position. The oil sand deposits in Venezuela are similar to those in Canada.

1 Dec 2008 In a world running low on oil, several countries are still sitting on massive interconnected fields are among the largest oil deposits ever found.

• Oil reserves in Europe and Eurasia 2010-2018 | Statista www.statista.com/statistics/263864/proved-oil-reserves-in-europe-and-eurasia List of countries ranked by Oil - proved reserves. Petroleum - Petroleum - Major oil-producing countries: As mentioned above, petroleum resources are not distributed evenly around the world. Indeed, according  11 May 2012 Robert Johnson Oil prices have experienced volatility following concerns of a supply shock in Iran. In the long run, some political gurus warn  17 Jun 2019 Despite coming in third on the list, Russia is the world's largest producer of crude oil and the second largest producer of dry natural gas, 

Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government International - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

global reserves. The top countries in terms of reserves are Venezuela (17.5% of global reserves), closely followed by Saudi Arabia (17.2%), then Canada (9.7%)  

Nigeria holds the second largest crude oil reserves in Africa, and the eleventh largest in the world. The country has 37 billion barrels of proved crude oil 

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. With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a relatively new discovery. Previously, Saudi Arabia had always held the number one position. The oil sand deposits in Venezuela are similar to those in Canada. Examination of the proven oil reserves of countries. Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves showcases the commercially available (and theoretically recoverable) oil reserves of a given country based on its recognized reservoirs.

Examination of the proven oil reserves of countries. Proven Oil Reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Proven Oil Reserves showcases the commercially available (and theoretically recoverable) oil reserves of a given country based on its recognized reservoirs. Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil.