List of countries by proven oil reserves

Countries by natural gas and oil proven reserves (2015)

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. 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.

Map of countries with proven oil reserves - according to U.S. EIA (start of 2017)

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 2017)^[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	300,878	1	300,878	1	300,900
Saudi Arabia (see: Oil reserves in Saudi Arabia)	2	266,455	2	266,455	2	266,600
Canada (see: Oil reserves in Canada)	3	169,709	26	4,118^[4]	3	172,200	Natural Resources Canada, end 2014^[5]	171,000
Iran (see: Oil reserves in Iran)	4	158,400	3	158,400	4	157,800
Iraq (see: Oil reserves in Iraq)	5	142,503	4	142,503	5	143,100
Kuwait (see: Oil reserves in Kuwait)	6	101,500	5	101,500	7	101,500
UAE (see: Oil reserves in the United Arab Emirates)	7	97,800	6	97,800	8	97,800
Russia (see: Oil reserves in Russia)	8	80,000	7	80,000	6	102,400
Libya (see: Oil reserves in Libya)	9	48,000	8	74,363	9	78,400
Nigeria (see: Oil reserves in Nigeria)	10	37,062	9	37,062	11	37,100
United States (see: Oil reserves in the United States)	11	35,000	10	36,685	10	55,000	ENI, end of 2015^[6]	43,629
Kazakhstan	12	30,000	11	30,000	12	30,000
China	13	25,620	13	25,132	14	18,500
Qatar	14	25,244	12	25,244	13	25,244
Brazil	15	12,999	14	16,184	15	13,000	ENI, end of 2015^[6]	16,848
Algeria	16	12,200	15	12,200	17	12,200
Angola	17 / 18	8,273	17	9,524	16	12,700
Ecuador	17 / 18	8,273	18	8,273	19 / 20	8,000
Mexico (see: Oil reserves in Mexico)	19	7,300	16	9,711	18	10,800	PEMEX^[7] Start of 2015	9.700
Azerbaijan	20	7,000	19	7,000	21	7,000
Norway	21	6,611	33	5,139	19 / 20	8,000
Oman	22	5,373	21	5,306	23	5,300
Sudan/South Sudan	23	5,000	32	5,000	24	Sudan 1,500 / S. Sudan 3,500
India	24	4,600	20	5,680	22	5,680	ENI, end of 2015^[6]	5,692
Egypt	25 / 26	4,400	24 / 25	4,400	29	3,500
Vietnam	25 / 26	4,400	24 / 25	4,400	25	4,000
Indonesia	27 / 28	3,600	29	3,230	27 / 28	3,600	ENI, end of 2015^[6]	3,497
Malaysia	27 / 28	3,600	28	3,750	27 / 28	3,600	ENI, end of 2015^[6]	5,542
Yemen	29	3,000			30	3,000
United Kingdom	30	2,564	30	2,755	31	2,800	UK Oil & Gas Authority, end 2015^[8]	2,618
Syria	31 / 32	2,500	31	2,500	32	2,500
Uganda	31 / 32	2,500
Argentina	33	2,185	32	2,380	33	2,400	Argentine Petroleum Institute^[9]	2,330
Colombia	34	2,002	33	2,308	34	2,300
Gabon	35	2,000	34	2,000	35	2,000
Australia	36	1,821	27	3,982	26	4,000	Geoscience Australia^[10] end of 2014	4,002
Congo, Republic of the (Brazzaville)	37	1,600			36	1,600
Chad	38	1,500			37	1,500
Brunei	39 / 40	1,100	35	1,100	39 / 40	1,100
Equatorial Guinea	39 / 40	1,100			39 / 40	1,100
Ghana (see: Oil reserves in Ghana)	41	660
Romania	42 / 43	600			42 / 46	600
Turkmenistan	42 / 43	600	36	600	42 / 46	600
Uzbekistan	44	594	37	594	42 / 46	600
Italy	45	557			42 / 46	600	ENI, end of 2015^[6]	595
Denmark	46	491	38	511	42 / 46	600	ENI, end of 2015^[6]	550
Peru	47	473			38	1,400	ENI, end of 2015^[6]	1,489
Tunisia	48	425			47 / 48	400
Thailand	49	396			47 / 48	400
Ukraine	50	395	39	395
Pakistan	51	350					ENI, end of 2015^[6]	236
Turkey	52	300					ENI, end of 2015^[6]	284
Trinidad and Tobago	53	243			41	700	ENI, end of 2015^[6]	830
Bolivia	54	211					ENI, end of 2015^[6]	210
Cameroon	55	200
Belarus	56	198	40	198
Congo, Democratic Republic of the (Kinshasa)	57	180
Albania	58	168
Papua New Guinea	59	159					ENI, end of 2015^[6]	158
Chile	60 / 62	150
Niger	60 / 62	150
Spain	60 / 62	150
Germany	63	145					ENI, end of 2015^[6]	229
Myanmar	64	139
Philippines	65	139
Poland	66	138					ENI, end of 2015^[6]	151
Bahrain	67	125
Cuba (see: Oil reserves in Cuba)	68	124					ENI, end of 2015^[6]	124
Netherlands	69	113					ENI, end of 2015^[6]	141
Ivory Coast	70	100
Suriname	70	83.9
Guatemala	71	83.1
France	72	72.4
Serbia	73	77.5
Croatia	74	71.0
New Zealand	75	56.9
Japan	76	44.1
Austria	77	43.0
Kyrgyzstan	78	40.0
Georgia	79	35.0
Bangladesh	80	28.0
Hungary	81	25.1					ENI, end of 2015^[6]	35
Mauritania	82	20.0
Bulgaria	83 / 85	15.0
Czech Republic	83 / 85	15.0
South Africa	83 / 85	15.0
Israel	86	12.7					ENI, end of 2015^[6]	12
Lithuania	87 / 88	12.0
Tajikistan	87 / 88	12.0
Greece	89	10.0
Slovakia	90	9.00
Benin	91	8.00
Belize	92	6.70
Taiwan	93	2.38
Barbados	94	2.08
Jordan	95	1.00					ENI, end of 2015^[6]	1
Morocco	96	0.68
Ethiopia	97	0.43
Afghanistan		0					US Geological Survey^[11]	80
World total		1,726,685		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

References

↑ U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 16 July 2018.
↑ OPEC, Annual Statistical Bulletin 2016
↑ BP, Statistical Review of World Energy, June 2016.
↑ OPEC does not include mined oil sand.
↑ Oil Resources, Natural Resources Canada, 16 Feb. 2016.
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.
↑ 20150909%20Reservas%20al%201%20de%20enero%202015_e.pd... , PEMEX, accessed 1 Sept 2016
↑ Oil and Gas reserves and Resources, UK Oil & Gas Authority, 5 Aug. 2016.
↑ Instituto Argentino del Petróleo y el Gas – Reservas comprobadas de petróleo, en miles de m³ (proven reserves as of 2013)
↑ Geoscience Australia, Oil, accessed 3 Sept. 2016. (crude oil + condensate).
↑ "Minerals in Afghanistan" (PDF). USGS Minerals gov. Retrieved 24 December 2013.
↑ BP Statistical Review of World Energy, 2015
↑ OPEC Statistical Bulletin, 2015.
↑ World Factbook, US Central Intelligence Agency, 2015.
↑ US Reserves: Curde Oil and Lease Condensate, US EIA.

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[1] U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 16 July 2018.

[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.

[ENI-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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List of countries by proven oil reserves

Countries

Different sources

See also

References