Countries ranked by proven oil reserves

4 May 2017 Canada total proved oil reserve has been estimated at 171 billion barrels. This places Canada in the number 3 spot in the world rankings, right  In 2008, it had net oil exports of 1.189 Mbbl/d to the United States. As a result of the lack of transparency in the country's accounting, Venezuela's true level of oil  14 Nov 2019 About 95% of the world's oil reserves belong to only a few nations. OPEC proven crude oil reserves, end of 2018 (billion barrels) past couple of years, Saudi Arabia has fallen slightly in oil production by country rankings.

22 Apr 2017 Instead, the real oil kingpin in OPEC is Venezuela, which has 300.88 billion barrels of proved oil reserves, according to OPEC's data. That's 24.8  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. Some 70% of the world's proven oil reserves is held in OPEC countries, providing its members with a key political tool. Proven Oil Reserves is valued through geological and engineering processes to produce an estimated value of oil stocks in the ground. 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. There is some disagreement on which country has the largest proven gas reserves. The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has a proven crude oil reserves of 104 billion barrels (15 km³), estimated to be 9% of the world's reserves. Kuwait's oil reserves are the fourth largest in the world and the Burgan Field is the second largest oil field. 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. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. Meanwhile, Canada and the U.S. are found at the #3 (169.7 billion bbls) and the #11 (36.5 billion bbls) spots respectively.

22 Apr 2017 Instead, the real oil kingpin in OPEC is Venezuela, which has 300.88 billion barrels of proved oil reserves, according to OPEC's data. That's 24.8 

27 Jun 2019 A country with large and prosperous oil reserves holds a definite advantage It is widely known and very well documented that Libya has been  by Quality - Charts. Countries. 51. Reserves/Production Ratio. 13. 52. Areas and Aggregates. 13. 52. The World Top 10 Producers Ranked by The figures for “Reserves” refer to proven reserves as at 31st December. The figures for other   4 May 2017 Canada total proved oil reserve has been estimated at 171 billion barrels. This places Canada in the number 3 spot in the world rankings, right  In 2008, it had net oil exports of 1.189 Mbbl/d to the United States. As a result of the lack of transparency in the country's accounting, Venezuela's true level of oil  14 Nov 2019 About 95% of the world's oil reserves belong to only a few nations. OPEC proven crude oil reserves, end of 2018 (billion barrels) past couple of years, Saudi Arabia has fallen slightly in oil production by country rankings. 24 Jun 2019 These are the countries whose proven oil reserves are in the top 10 even the data used to determine Iraq's global oil holdings ranking is at 

Most of the big fields in the proved oil reserves are in the Middle East, Venezuela, Canada, and Russia. Here's the number of barrels of proven oil reserves in 2018 for the top 15 countries according to the BP Statistical Review.

8 Jan 2019 These are the countries whose proven oil reserves are in the top 10 even the data used to determine Iraq's global oil holdings ranking is at 

Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved Rank, Country, (BBL), Date of Information. 1, Venezuela 

27 Jun 2019 A country with large and prosperous oil reserves holds a definite advantage It is widely known and very well documented that Libya has been  by Quality - Charts. Countries. 51. Reserves/Production Ratio. 13. 52. Areas and Aggregates. 13. 52. The World Top 10 Producers Ranked by The figures for “Reserves” refer to proven reserves as at 31st December. The figures for other   4 May 2017 Canada total proved oil reserve has been estimated at 171 billion barrels. This places Canada in the number 3 spot in the world rankings, right  In 2008, it had net oil exports of 1.189 Mbbl/d to the United States. As a result of the lack of transparency in the country's accounting, Venezuela's true level of oil  14 Nov 2019 About 95% of the world's oil reserves belong to only a few nations. OPEC proven crude oil reserves, end of 2018 (billion barrels) past couple of years, Saudi Arabia has fallen slightly in oil production by country rankings.

Some 70% of the world's proven oil reserves is held in OPEC countries, providing its members with a key political tool. Proven Oil Reserves is valued through geological and engineering processes to produce an estimated value of oil stocks in the ground.

5 Apr 2019 Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. In 2011, the country  27 Feb 2020 Venezuela leads with the highest distribution of global oil reserves, at approximately 17.5 percent in 2018, followed closely by Saudi Arabia. The term Proven Reserve or PR refers to an amount of oil that is generally Kuwait ranked first for oil > reserves per capita amongst Muslim countries in 2005 . 4 Nov 2019 reserves. Reserves are calculated based on a proven/probable basis. Rank, Country, Oil Reserves (in billions of barrels). 1, Venezuela  Ranking nations by the most likely estimate for existing fields, discoveries and as- of-yet apple-to-apple across the world, both for OPEC and non-OPEC countries . Ranked by proved plus probable reserves (P2), Saudi Arabia holds 120  List of countries ranked by Oil - proved reserves. Rank, Country, Oil - proved reserves (bbl). 1, Venezuela, 302,300,004,352. 2, Saudi Arabia, 266,200,006,656.

The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has a proven crude oil reserves of 104 billion barrels (15 km³), estimated to be 9% of the world's reserves. Kuwait's oil reserves are the fourth largest in the world and the Burgan Field is the second largest oil field. 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. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. Meanwhile, Canada and the U.S. are found at the #3 (169.7 billion bbls) and the #11 (36.5 billion bbls) spots respectively.