List of countries by proven oil reserves

From Wikipedia, the free encyclopedia

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.

Map of countries with proven oil reserves – according to US EIA (start of 2017)
Venezuela and Middle Eastern countries are estimated in 2024 to have the largest proven oil reserves.[1][new archival link needed][2]
A map of world oil reserves according to OPEC, January 2014

Some statistics on this page are disputed and controversial — different sources (like OPEC, CIA World Factbook and oil companies) give different figures. Some of the differences reflect the 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[citation needed], leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)

More information Source, Canada ...
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[3] 168.1 157.8 145.0 107.8 297.5 68.8 303.8
Eni[4] 168.1 208.6 145.0 107.8 258.5 54.6 303.8
OPEC[5][6] 5.0 208.6 145.0 80.0 267.2 38.8 303.5
US CIA[7] 170.3 208.6 145.0 80.0 258.6 38.2 303.8
US EIA[8] 168.1 208.6 145.0 80.0 261.6 60.5 303.6
Close

Countries

Reserve amounts are listed in millions of barrels.

More information Country, U.S. EIA ...
Proven reserves (millions of barrels)
Country U.S. EIA
[9]		 OPEC
[10][note 1]		 BP
[3]		 Eni
[4]		 Others Oil production
2025Y
(thousands of bbl/day)[11]		 Years of
production
in reserve
 Venezuela *(OPEC) 304,000303,221303,800 303,806968 Increase859
 Saudi Arabia *(OPEC) 267,000267,200297,500 258,4819,556 Neutral increase75.6
 Iran *(OPEC) 209,000208,600157,800 208,6004,194 Increase135
 Canada * 170,0004,344168,100 168,088163,000[12]4,964 Increase91.8
 Iraq *(OPEC) 145,000145,019145,000145,019147,000[13]4,388 Neutral decrease89.6
 United Arab Emirates * 113,000113,00097,800 97,8003,833 Increase68.9
 Kuwait *(OPEC) 102,000101,500101,500 101,5002,585 Neutral increase107
 Russia *(OPEC+) 58,00080,000107,800 107,80480,000[14]9,877 Decrease21.2
 United States * 74,00045,01468,800 54,64446,422[15]13,586 Increase10.0
 Libya *(OPEC) 50,00048,36348,400 48,36342,0001,363 Increase96.2
 Nigeria *(OPEC) 37,00037,28036,900 37,6951,605 Increase62.2
 Kazakhstan *(OPEC+) 30,00030,00030,000 29,9212,047 Increase39.1
 China * 26,00028,18226,000 25,9634,325 Increase15.5
 Qatar * 25,00025,24425,200 25,2441,312 Increase51.6
 Brazil *(OPEC+) 13,00015,89411,900 11,93716,8483,769 Increase7.7
 Algeria *(OPEC) 12,00012,20012,200 12,2001,143 Neutral increase28.3
 Guyana * 11,000 11,000[16]747 Increase39.4
 Norway * 7,0006,9127,900 7,8988,120[17]1,859 Increase9.3
 Azerbaijan *(OPEC+) 7,0007,0007,000 6,978561 Decrease33.1
 Ecuador 8,3008,2731,300 8,273441 Decrease50.4
 Mexico *(OPEC+) 6,0005,1366,100 7,0109,7001,726 Decrease8.5
 Oman *(OPEC+) 5,4004,9715,400 5,3581,002 Neutral increase13.7
 Angola * 2,6002,5507,800 7,7839,000[18][19][20][21]1,031 Decrease5.9
 India * 4,6004,9184,500 4,2934,409581 Decrease20.2
 Vietnam * 4,4004,4004,400 4,391165 Neutral increase71.9
 South Sudan * (OPEC+) 3,8003,5003,500 3,5003,500[22][23]113 Neutral increase83.9
 Malaysia *(OPEC+) 3,6002,7002,700 4,7275,542516 Increase18.1
 Egypt * 3,3003,3003,100 3,1463,300[24][25][26][27]510 Decrease15.9
 Yemen * 3,0003,000 2,88115 Steady525
 Argentina * 3,0002,9992,500 2,483794 Increase7.7
 Australia * 2,4001,8032,400 3,9954,002246 Decrease25.8
 Syria * 2,5002,500 2,66175 Neutral increase90.3
 Indonesia * 2,5002,4102,400 2,4803,497582 Steady10.7
 United Kingdom * 2,5001,5002,500 2,7002,618616 Neutral increase10.1
 Congo *(OPEC) 1,8001,8112,900 1,660180[28]241 Decrease19.5
 Gabon *(OPEC) 2,0002,0002,000 2,000239 Increase22.0
 Colombia * 1,8002,0192,000 1,8432,020[29][30][31]746 Neutral decrease5.8
 Uganda * 2,500 1,004N/a
 Chad * 1,5001,500 1,583126 Neutral decrease31.6
 Suriname * 2,400 8712 Decrease18.9
 Sudan *(OPEC+) 1,3001,5001,500 1851,250[32][33]30 Decrease118
 Brunei *(OPEC+) 1,1001,1001,100 1,100101 Increase28.9
 Equatorial Guinea *(OPEC) 1,1001,1001,100 1,10076 Decrease38.7
 Turkey * 1,400 3651350125 Increase29.7
 Peru * 900700 985386[34]44 Increase55.0
 Ghana * 700 681660[35][36]183 Neutral decrease9.2
 Turkmenistan * 600600600 601191 Steady7.6
 Romania * 600600 60152 Decrease30.6
 Uzbekistan * 600594600 59430 Decrease53.3
 Italy * 500600 58359584 Neutral decrease18.0
 Kenya * 600 585[37]-560[38]N/a
 Pakistan * 500 37723658 Decrease16.8
 Sierra Leone * 44020,000-15,000[39][40][41]N/a
 Ukraine * 400395 487N/a
 Tunisia * 400400 40325 Decrease42.9
 Denmark * 400365400 42555073 Increase14.0
 Bolivia * 200 57421018 Decrease86.4
 Thailand * 300300 293162 Neutral increase4.0
 Mongolia * 2572,43814 Steady49.3
 Bahrain *(OPEC+) 200 304186.5[42]-124.6[43][44][45]176 Neutral increase3.8
 Germany * 100 38422932 Neutral increase31.9
 Cameroon * 200 247200[46][47]59 Decrease10.5
 Albania * 200 246150[48]-120[49][50]12 Decrease45.8
 Belarus * 200198 24426 Decrease20.1
 Trinidad and Tobago * 200200 24283051 Steady9.8
 DR Congo * 200 222180[51][52][53][54]16 Decrease37.0
 Spain * 200 185150[55][56]N/a
 Niger * 200 147150[57][58][59]101 Increase3.0
 Chile * 150150 185150[60][61][62]2 Neutral decrease205
 Philippines * 139 172138.5[63]0.5 Steady941
 Papua New Guinea * 200 10015832 Steady16.2
 Netherlands * 100 19014121 Decrease23.8
 Cuba * 100 15312425 Decrease15.8
 Ivory Coast * 100 119100[64][65][66]55 Increase4.9
 Poland * 100 11415117 Steady17.4
 France * 83 12510 Decrease33.3
 Guatemala * 86 995.4 Decrease49.2
 Afghanistan * 88 N/a
 Serbia * 77 9611 Decrease22.9
 Myanmar * 100 625.6 Decrease47.9
 Croatia * 71 9071[67][68]9 Decrease26.4
 Mauritania * 20 12320[69][70][71]N/a
 New Zealand * 40 6641[72][73]7 Neutral increase24.8
 Japan * 44 543.1 Steady46.0
 Kyrgyzstan * 40 4940[74][75]5.5 Neutral decrease23.4
 Austria * 35 598.8 Decrease18.4
 Georgia * 35 4335[76][77]0.2 Steady588
 Bangladesh * 28 353 Steady31.0
 Hungary * 12 223523 Increase1.6
 Czech Republic * 15 1915[78]1.3 Decrease39.1
 Bulgaria * 15 1915[79][80][81]1 Steady51.1
 South Africa * 15 1915[82][83]0.4 Decrease 129
 Lithuania * 12 1515.7[84]–12[85]0.7 Steady57.7
 Tajikistan * 12 1512[86][87]0.3 Steady136
 Mozambique * 0 1515[88]N/a
 Greece * 10 1210[89][90]1.5 Steady21.0
 Slovakia * 9 11N/a
 Benin * 8 108[91]N/a
 Belize * 6 96.7[92][93]0.8 Steady29.8
 Israel * 12 21220 Increase0.7
 Taiwan * 2.4 20.2 Steady31.9
 Barbados * 1 21 Steady4.5
 Jordan * 1 11N/a
 Morocco * 1 10.684[94]N/a
 Senegal * 1,030[95]–600[96]100 Increase15.5
 Timor-Leste * 719[97][98]2 Steady984
 Estonia * 16[99][100]N/a
 South Korea * 4.5[101]N/a
 World1,720,0001,566,8691,732,400 1,740,26484,568~55.0[note 2]
Close

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

Notes
  1. [1]
    Excludes oil sands
  2. [2]
    Between 54.7–55.4 years per 2025 Y extraction. The number is dependent on new discoveries and demand, but is also extremely simple and unrealistic[102]

See also

References

Related Articles

Wikiwand AI