List of countries by proven oil reserves

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.

Map of countries with proven oil reserves - according to U.S. EIA (start of 2017)
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)
A map of world oil reserves according to OPEC, January 2014

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 Belt was judged economic.

Countries

Reserves amounts are listed in millions of barrels. The column "Years until exhaustion" uses the daily production figures as of 2016[1] (multiplied with 365).

Proven reserves (millions of barrels) U.S. EIA (start of 2020)[2] OPEC (end of 2017)[3] BP (end of 2015)[4] Other Reserves-to-production ratio
Country Rank Reserves Rank Reserves Rank Reserves Source/Date Reserves Production (million bbl/year, 2016)[1] Years
 Venezuela (see: Oil reserves in Venezuela)1302,8091302,8091300,900831.1362
 Saudi Arabia (see: Oil reserves in Saudi Arabia)2267,0262266,260 2266,0003818.178
 Canada (see: Oil reserves in Canada)3167,896224,421 3172,200Natural Resources Canada, end 2014[5]171,0001336.8126
 Iran (see: Oil reserves in Iran) 4 155,600 3 208,600[6] 4 155,6001452.9109
 Iraq (see: Oil reserves in Iraq)5145,019 4147,2235143,1001624.888
 Kuwait (see: Oil reserves in Kuwait)6104,0006104,0006104,0001067.295
 UAE (see: Oil reserves in the United Arab Emirates)798,630798,630898,6301133.786
 Russia (see: Oil reserves in Russia)880,000780,0006102,4003851.321
 Libya (see: Oil reserves in Libya)948,363874,363978,400366.1131
 United States (see: Oil reserves in the United States)1047,053 1032,7731055,000ENI, end of 2015[7]43,6293239.710
 Nigeria (see: Oil reserves in Nigeria)1136,972 937,4531137,100730.051
 Kazakhstan1230,0001130,0001230,000582.252
 China1325,6201225,6271418,5001452.917
 Qatar1425,2441325,2441325,244555.945
 Brazil1512,9991412,6341513,000ENI, end of 2015[7]16,848918.114
 Algeria1612,2001512,2001712,200492.115
 Angola17 / 188,273168,3841612,700645.922
 Ecuador17 / 188,273178,27319 / 208,000200.2
 Mexico (see: Oil reserves in Mexico)207,300196,5371810,800PEMEX[8] Start of 20159.700798.29
 Azerbaijan217,000187,000217,000304.223
 Norway226,611206,37619 / 208,000601.511
 Oman235,373215,373235,300367.515
 India244,600234,495225,680ENI, end of 2017[7]4,40926717
 Egypt25 / 264,40024 / 254,400293,500180.425
 Vietnam25 / 264,40024 / 254,400254,000110.240
 Indonesia27 / 283,600293,31027 / 283,600ENI, end of 2015[7]3,497304.211
 Malaysia27 / 283,600283,60027 / 283,600ENI, end of 2015[7]5,542241.315
 Yemen293,000303,000
 United Kingdom302,564322,069312,800UK Oil & Gas Authority, end 2015[9]2,618343.17.5
 Syria31 / 322,500302,500322,500
 Uganda31 / 322,500
 Argentina332,185312,162332,400Argentine Petroleum Institute[10]2,330
 Colombia342,002341,665342,300
 Gabon352,000332,000352,000
 Australia361,821263,985264,000Geoscience Australia[11] end of 20144,002
 Congo, Republic of the (Brazzaville)371,600361,600
 Chad381,500371,500
 Brunei39 / 401,100351,10039 / 401,100
 Equatorial Guinea39 / 401,10039 / 401,100
 Kenya41750750
 Ghana (see: Oil reserves in Ghana)41660
 Romania42 / 4360042 / 46600
 Turkmenistan42 / 436003660042 / 46600
 Uzbekistan445943759442 / 46600
 Italy4555742 / 46600ENI, end of 2015[7]595
 Denmark464913843942 / 46600ENI, end of 2015[7]550
 Peru47473381,400ENI, end of 2015[7]1,489
 Tunisia4842547 / 48400
 Thailand4939647 / 48400
 Ukraine5039539395
 Pakistan51350ENI, end of 2015[7]236
 Turkey52300ENI, end of 2015[7]284
 Trinidad and Tobago5324341700ENI, end of 2015[7]830
 Bolivia54211ENI, end of 2015[7]210
 Cameroon55200
 Belarus5619840198
 Congo, Democratic Republic of the (Kinshasa)57180
 Albania58168
 Papua New Guinea59159ENI, end of 2015[7]158
 Chile60 / 62150
 Niger60 / 62150
 Spain60 / 62150
 Germany63145ENI, end of 2015[7]229
 Myanmar64139
 Philippines65139
 Poland66138ENI, end of 2015[7]151
 Bahrain67125
 Cuba (see: Oil reserves in Cuba)68124ENI, end of 2015[7]124
 Netherlands69113ENI, end of 2015[7]141
 Ivory Coast70100
 Suriname7083.9
 Guatemala7183.1
 France7272.4
 Serbia7377.5
 Croatia7471.0
 New Zealand7556.9
 Japan7644.1
 Austria7743.0
 Kyrgyzstan7840.0
 Georgia7935.0
 Bangladesh8028.0
 Hungary8125.1ENI, end of 2015[7]35
 Mauritania8220.0
 Bulgaria83 / 8515.0
 Czech Republic83 / 85 15.0
 South Africa83 / 85 15.0
 Israel8612.7ENI, end of 2015[7]12
 Lithuania87 / 8812.0
 Tajikistan87 / 8812.0
 Greece8910.0
 Slovakia909.00
 Benin918.00
 Belize926.70
 Taiwan932.38
 Barbados942.08
 Jordan951.00ENI, end of 2015[7]1
 Morocco960.68
 Ethiopia970.43
 Afghanistan0US Geological Survey[12]80
World total1,779,6851,535,7731,750,6002942759

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[13] 172.9 157.8 103.2 267.0 48.5 298.3
OPEC[14] 4.2 157.5 80.0 266.6 36.5 300.0
US Central Intelligence Agency[15] 171.0 157.8 103.2 268.3 36.5 298.4
US Energy Information Administration[16] 172.5 157.8 80.0 268.3 39.9 298.4

See also

References
  1. "Production of Crude Oil including Lease Condensate 2016" (CVS download). U.S. Energy Information Administration. Retrieved 27 May 2017.
  2. U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 17 June 2020.
  3. OPEC, Annual Statistical Bulletin 2018
  4. BP, BP Statistical Review of World Energy 2016, June 2016.
  5. Oil Resources, Natural Resources Canada, 16 Feb. 2016.
  6. OPEC Annual Statistical Bulletin for 2020
  7. ENI, World Oil and Gas Review, 2016.
  8. 20150909%20Reservas%20al%201%20de%20enero%202015_e.pd..., PEMEX, accessed 1 Sept 2016
  9. Oil and Gas reserves and Resources, UK Oil & Gas Authority, 5 Aug. 2016.
  10. Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m3 (proven reserves as of 2013)
  11. Geoscience Australia, Oil, accessed 3 Sept. 2016. (crude oil + condensate).
  12. "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013.
  13. BP Statistical Review of World Energy, 2015
  14. OPEC Statistical Bulletin, 2015.
  15. World Factbook, US Central Intelligence Agency, 2015.
  16. US Reserves: Curde Oil and Lease Condensate, US EIA.
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