List of countries by proven oil reserves

A map of world oil reserves according to OPEC, January 2014
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)

This is a list of countries by proven oil reserves.

Methodology

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.

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 was judged economic.

Countries

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

Proven Reserves (millions of barrels) U.S. EIA (start of 2015)[1] OPEC (end of 2015)[2] BP (end of 2015)[3] Other
Country Rank Reserves Rank Reserves Rank Reserves Source/Date Reserves
 Venezuela (see: Oil reserves in Venezuela)1 298,3501 300,878 1 300,900
 Saudi Arabia (see: Oil reserves in Saudi Arabia) 2 268,2892 266,455 2 266,600
 Canada (see: Oil reserves in Canada) 3 172,481 26 4,118[4] 3 172,200 Natural Resources Canada, end 2014[5]171,000
 Iran (see: Oil reserves in Iran) 4 157,800 3 158,400 4 157,800
 Iraq (see: Oil reserves in Iraq)5 144,211 4 142,503 5 143,100
 Kuwait (see: Oil reserves in Kuwait)6 104,000 5101,500 7 101,500
 UAE (see: Oil reserves in the United Arab Emirates)7 97,8006 97,800 8 97,800
 Russia (see: Oil reserves in Russia)8 80,000 780,000 6 102,400
 Libya (see: Oil reserves in Libya)9 48,3638 48,36310 48,400
 United States (see: Oil reserves in the United States)10 39,93310 36,685 9 55,000ENI, end of 2015[6] 43,629
 Nigeria (see: Oil reserves in Nigeria)11 37,0709 37,062 11 37,100
 Kazakhstan12 30,00011 30,000 12 30,000
 Qatar13 25,24412 25,244 13 25,244
 China14 24,649 1325,132 14 18,500
 Brazil15 15,314 14 16,184 15 13,000 ENI, end of 2015[6] 16,848
 Algeria16 12,200 15 12,20017 12,200
 Mexico (see: Oil reserves in Mexico)17 9,812 16 9,71118 10,800 PEMEX[7] Start of 2015 9.700
 Angola18 9,011 179,524 16 12,700
 Ecuador19 8,83218 8,273 19 / 20 8,000
 Azerbaijan20 7,000197,000 21 7,000
 India21 5,675205,680 22 5,680 ENI, end of 2015[6] 5,692
 Norway22 5,49733 5.139 19 / 20 8,000
 Oman23 5,151 215,306 23 5,300
 Sudan/South Sudan24 5,000 325000 24 Sudan 1,500 / S. Sudan 3,500
 Vietnam25 / 26 4,400 24 / 254,400 25 4,000
 Egypt25 / 26 4,40024 / 25 4,400 29 3,500
 Malaysia27 4,000 283,750 27 / 28 3,600 ENI, end of 2015[6] 5,542
 Indonesia28 3,69329 3,230 27 28 3,600 ENI, end of 2015[6] 3,497
 Yemen29 3,000 30 3,000
 United Kingdom30 2,98230 2,755 31 2,800 UK Oil & Gas Authority, end 2015[8]2,618
 Syria31 / 32 2,50031 2,500 32 2,500
 Uganda31 / 32 2,500
 Colombia33 2,44533 2,308 34 2,300
 Argentina34 2,354 32 2,380 33 2,400 Argentine Petroleum Institute[9]2,330
 Gabon35 2,00034 2,000 35 2,000
 Congo, Republic of the (Brazzeville)36 1,600 36 1,600
 Chad37 1,500 37 1,500
 Australia38 1,19327 3,982 26 4,000 Geoscience Australia[10] end of 20144,002
 Brunei39 / 40 1,10035 1,100 39 / 40 1,100
 Equatorial Guinea39 / 40 1,100 39 / 40 1,100
 Peru41 741 381,400 ENI, end of 2015[6] 1,489
 Trinidad and Tobago42 728 41700 ENI, end of 2015[6] 830
 Ghana (see: Oil reserves in Ghana)43 660
 Denmark44 61138 511 42 / 46 600 ENI, end of 2015[6] 550
 Turkmenistan45 / 46600 36600 42 / 46 600
 Romania45 / 46 600 42 / 46 600
 Uzbekistan 47594 37594 42 / 46 600
 Italy48 525 42 / 46 600ENI, end of 2015[6] 595
 Thailand49461 47 / 48 400
 Tunisia50 425 47 / 48 400
 Ukraine51 395 39395
 Pakistan52 371 ENI, end of 2015[6] 236
 Turkey53 296 ENI, end of 2015[6] 284
 Germany54 227 ENI, end of 2015[6] 229
 Bolivia55 210 ENI, end of 2015[6] 2120
 Cameroon56 200
 Belarus57 198 40198
 Congo, Democratic Republic of the (Kinshasa)58180
 Papua New Guinea59 175 ENI, end of 2015[6] 158
 Albania60 168
 Chile61 / 63150
 Niger61 / 63150
 Spain61 / 63150
 Netherlands64 145 ENI, end of 2015[6] 141
 Poland65142 ENI, end of 2015[6] 151
 Philippines66 139
 Bahrain67 125
 Cuba (see: Oil reserves in Cuba)68 124 ENI, end of 2015[6] 124
 Ivory Coast69 100
 Suriname70 89.0
 France7184.1
 Guatemala72 83.1
 Serbia73 77.5
 Croatia74 71.0
 New Zealand75 67.2
 Myanmar7650.0
 Austria77 47.5
 Japan 7844.1
 Kyrgyzstan79 40.0
 Georgia80 35.0
 Bangladesh81 28.0
 Hungary82 27.2 ENI, end of 2015[6]35
 Mauritania8320.0
 Bulgaria84 / 86 15.0
 Czech Republic84 / 86 15.0
 South Africa84 / 86 15.0
 Israel 8714.0 ENI, end of 2015[6] 12
 Lithuania88 / 89 12.0
 Tajikistan88 / 8912.0
 Greece9110.0
 Slovakia929.00
 Benin838.00
 Belize94 6.70
 Barbados94 2.53
 Taiwan95 2.38
 Jordan96 1.00 ENI, end of 2015[6]1
 Morocco97 0.68
 Ethiopia 980.43
 Afghanistan 0 US Geological Survey[11]80
World total 1,662,945 1,481,526 1,697,600

Different 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[12] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[13] 4.2[4] 157.5 80.0 266.6 36.5 300.0
US Central Intelligence Agency[14] 171.0 157.8 103.2 268.3 36.5 298.4
US Energy Information Administration[15] 172.5 157.8 80.0 268.3 39.9 298.4

See also

References

  1. ↑ U.S. Energy Information Administration, International Energy Statistics, accessed 3 Sept. 2016.
  2. ↑ OPEC, Annual Statistical Bulletin 2016
  3. ↑ BP, Statistical Review of World Energy, June 2016.
  4. ↑ OPEC does not include mined oil sand.
  5. ↑ Oil Resources, Natural Resources Canada, 16 Feb. 2016.
  6. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ENI, World Oil and Gas Review, 2016.
  7. ↑ 20150909%20Reservas%20al%201%20de%20enero%202015_e.pd... , PEMEX, accessed 1 Sept 2016
  8. ↑ Oil and Gas reserves and Resources, UK Oil & Gas Authority, 5 Aug. 2016.
  9. ↑ Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m3 (proven reserves as of 2013)
  10. ↑ Geoscience Australia, Oil, accessed 3 Sept. 2016. (crude oil + condensate).
  11. ↑ "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013.
  12. ↑ BP Statistical Review of World Energy, 2015
  13. ↑ OPEC Statistical Bulletin, 2015.
  14. ↑ World Factbook, US Central Intelligence Agency, 2015.
  15. ↑ US Reserves: Curde Oil and Lease Condensate, US EIA.
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