List of countries with biggest oil reserves

11 Oct 2019 Iraq. Iraq takes third spot in the list of countries with the biggest oil reserves in the Middle East, with 147.2 thousand million barrels in 2018. The  14 Apr 2013 Top 10 Countries With The World's Biggest Oil Reserves. South American nation Venezuela tops the list, followed closely by Saudi Arabia. 27 Jun 2019 The largest oil fields and greatest oil reserves of Africa are in Libya, and economical development in the volatile yet promising African nation.

14 Feb 2014 While the data is imprecise, our ranking reveals which countries control the most energy. Libya holds the largest proven crude oil reserves and the fourth Australia is set to become Asia's biggest importer of fuels, opening  29 Dec 2014 Combined, the 10 nations on this list have about 1.67 billion barrels of proved reserves, enough to meet U.S. demand for about three months or  27 Feb 2017 Those oil resources, known as reserves, gave the country leverage America has more recoverable oil than any other nation in the world,  26 Dec 2016 Going by the latest data, Venezuela is the country with highest reserve of crude oil in the world. This South American nation has surpassed 

27 Feb 2017 Those oil resources, known as reserves, gave the country leverage America has more recoverable oil than any other nation in the world, 

12 Jul 2018 The petroleum industry in Kuwait is the largest industry in the country accounting for over half of its GDP. Kuwait oil reserves are 4th largest in the  13 Jan 2010 In 2008 the United States imported oil from 10 countries currently on the State Department's Travel Warning List, which lists countries that have “long-term, protracted Yet the United States holds less than 2 percent of the world's oil reserves. five biggest companies importing oil from unstable countries. 21 Jul 2011 Last January 20th Venezuela's Oil Minister, Rafael Ramirez, said that to become the nation with the largest proven crude oil reserves in the  12 Apr 2012 Most of the imports currently come from five countries: Canada, Saudi Arabia, Mexico, Venezuela and Nigeria. Desert Kingdoms Versus The 

Additional information about the proven oil reserves came from the CIA Factbook. The following list showcases countries with the biggest crude oil reserves. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology.

Top 10 Countries With The World’s Biggest Oil Reserves 1. Venezuela. 2. Saudi Arabia. 3. Canada. 4. Iran. 5. Iraq. 6. Kuwait. 7. United Arab Emirates. 8. Russia. 9. Libya. 10. Nigeria. Which Countries Have the Biggest Crude Oil Reserves? Crude oil is a fossil fuel derived from marine plants and animals that died millions of years ago, before the dinosaurs. In its liquid form, crude oil can be found underground in reservoirs, sedimentary rocks, and tar sands. 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.

29 Dec 2014 Combined, the 10 nations on this list have about 1.67 billion barrels of proved reserves, enough to meet U.S. demand for about three months or 

The United States, Russia, and Saudi Arabia still remain the top three highest oil-producing countries in the world according to the latest report by The U.S. Energy Information Administration (EIA). The United States, China, and India are the top consumers of oil products in the world with a share of world’s total of 20%, 13%, and 4% respectively.

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 

List of Countries. VI. Notes and Methods. VIII. Oil - Supply and Demand. Oil - Production Quality. Reserves. 2. 46. Areas and Aggregates. 2. 46. The World Top   List of Countries. VI. Notes and Methods. VIII. Oil - Supply and Demand. Oil - Production Quality. Reserves. 2. 46. Areas and Aggregates. 2. 46. The World Top   14 Feb 2014 While the data is imprecise, our ranking reveals which countries control the most energy. Libya holds the largest proven crude oil reserves and the fourth Australia is set to become Asia's biggest importer of fuels, opening  29 Dec 2014 Combined, the 10 nations on this list have about 1.67 billion barrels of proved reserves, enough to meet U.S. demand for about three months or  27 Feb 2017 Those oil resources, known as reserves, gave the country leverage America has more recoverable oil than any other nation in the world, 

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. Additional information about the proven oil reserves came from the CIA Factbook. The following list showcases countries with the biggest crude oil reserves. Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology. Venezuela is the home to world’s largest proven oil reserves at an estimated 297+ billion barrels, which account for 20% of the global reserves. SAUDI ARABIA. Saudi Arabia is currently holding the 2nd position in the list of biggest oil reserve in the world. 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 Countries with the largest Oil Reserves in the World 1. Venezuela. The reported proven reserve over 297,000,000,000 barrels that surpassing that 2. Saudi Arabia. Saudi Arabia is one of the Gulf Country in the Middle East and 3. Canada. Canada is one of the largest countries in the world and Six of these countries--Venezuela, Saudi Arabia, Iran, Iraq, Kuwait, and Libya--are members of OPEC (Organization of Petroleum Exporting Countries). Interestingly, there is no clear correlation between the country’s size and its amount of oil reserves. 24/7 Wall St. reviewed the “BP Statistical Review of World Energy June 2018” to identify the 15 countries with the most proven oil reserves. The countries on this list span five continents and control anywhere from 12.8 billion barrels of oil to 303.2 billion barrels of oil.