Countries with highest proven oil reserves

19 Apr 2018 The country has 142,503 million barrels. As stated in the above Investopedia report, Iraq sits upon some of the world's largest proven reserves of 

14 Apr 2013 The holder of Africa's largest proven oil reserves, Libya saw a disruption in oil production in 2011 due to conflict, but the country has recovered,  29 Oct 2013 Venezuela holds the world's biggest proven oil reserve followed by Saudi Arabia, while Canada and Russia hold the third and the eighth largest  The United States of America is the top country by crude oil reserves in the world. As of October 2019, crude oil reserves in the United States of America was  By 2009, Venezuela reported 211.17 billion barrels of conventional oil reserves, the largest of any country in South America. In 2008, it had net oil exports of 1.189  See also: List of countries by Oil Reserves. China holds 25,132,122,000 barrels of proven oil reserves as of 2016, ranking 14th in the world and accounting for 

30 Jan 2019 Venezuela is Home to the World's Largest Oil Reserves. The chart shows the countries with the largest proven crude oil reserves as of 2017.

19 Apr 2018 The country has 142,503 million barrels. As stated in the above Investopedia report, Iraq sits upon some of the world's largest proven reserves of  5 Jul 2016 Rystad also points out that countries often exaggerate their oil reserve figures to inflate their standings within OPEC. "The upside potential is  12 Jul 2016 File:Oil and gas industry reserves by nation.png List of countries by natural gas proven reserves · User:Mh4011/sandbox · Demographics of  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. It’s interesting because people assume that Saudi Arabia has the largest oil reserves on earth. Instead, the real oil kingpin in OPEC is the South American country, Venezuela. Venezuela has 300 billion barrels of proved oil reserves, according to OPEC’s data, ahead of Saudi Arabia’s 269 billion barrels of proven oil reserves. Oil reserve is an essential yardstick for measuring a country's economic prosperity.. And proven oil reserves are those that claim to have a reasonable certainty (normally at least 90 per cent

29 Oct 2013 Venezuela holds the world's biggest proven oil reserve followed by Saudi Arabia, while Canada and Russia hold the third and the eighth largest 

Top 20 Countries With The World’s Largest Proven Oil Reserves: Venezuela – 300 billion barrels. Saudi Arabia – 269 billion barrels. Canada – 171 billion barrels. Iran – 157.8 billion barrels. Iraq – 143 billion barrels. Kuwait – 104 billion barrels. Russia – 80 billion barrels. United Arab 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 surpassed Saudi Arabia to top the list of countries having the largest oil reserves. However, the development of this huge reserves has taken a backseat due to political unrest over the past few years.

5 Jul 2016 The kingdom has proven reserves of 266 billion barrels according to But most of the country's giant and super-giant oil fields were discovered 

27 Feb 2020 The majority of countries with the largest oil reserves in the world are members of OPEC, the Organization of the Petroleum Exporting 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  14 Apr 2013 The holder of Africa's largest proven oil reserves, Libya saw a disruption in oil production in 2011 due to conflict, but the country has recovered, 

The United States of America is the top country by crude oil reserves in the world. As of October 2019, crude oil reserves in the United States of America was 

25 Mar 2019 See the countries with the most oil reserves on this map, which resizes each country based on Ranked: The World's Largest Energy Sources. Proved reserves of crude oil are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of 

The country has the largest proven reserves in Africa. It is a major contributor to the supply of light, sweet crude oil to the rest of the world. 8 Russia – 60,003-116,000 MMbbl Russia is the largest country in the world in terms of land area, covering one-eighth of the planet.