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)	1	302,809	1	302,809	1	300,900			831.1	362
Saudi Arabia (see: Oil reserves in Saudi Arabia)	2	267,026	2	266,260	2	266,000			3818.1	78
Canada (see: Oil reserves in Canada)	3	167,896	22	4,421	3	172,200	Natural Resources Canada, end 2014[5]	171,000	1336.8	126
Iran (see: Oil reserves in Iran)	4	155,600	3	208,600[6]	4	155,600			1452.9	109
Iraq (see: Oil reserves in Iraq)	5	145,019	4	147,223	5	143,100			1624.8	88
Kuwait (see: Oil reserves in Kuwait)	6	104,000	6	104,000	6	104,000			1067.2	95
UAE (see: Oil reserves in the United Arab Emirates)	7	98,630	7	98,630	8	98,630			1133.7	86
Russia (see: Oil reserves in Russia)	8	80,000	7	80,000	6	102,400			3851.3	21
Libya (see: Oil reserves in Libya)	9	48,363	8	74,363	9	78,400			366.1	131
United States (see: Oil reserves in the United States)	10	47,053	10	32,773	10	55,000	ENI, end of 2015[7]	43,629	3239.7	10
Nigeria (see: Oil reserves in Nigeria)	11	36,972	9	37,453	11	37,100			730.0	51
Kazakhstan	12	30,000	11	30,000	12	30,000			582.2	52
China	13	25,620	12	25,627	14	18,500			1452.9	17
Qatar	14	25,244	13	25,244	13	25,244			555.9	45
Brazil	15	12,999	14	12,634	15	13,000	ENI, end of 2015[7]	16,848	918.1	14
Algeria	16	12,200	15	12,200	17	12,200			492.1	15
Angola	17 / 18	8,273	16	8,384	16	12,700			645.9	22
Ecuador	17 / 18	8,273	17	8,273	19 / 20	8,000			200.2
Mexico (see: Oil reserves in Mexico)	20	7,300	19	6,537	18	10,800	PEMEX[8] Start of 2015	9.700	798.2	9
Azerbaijan	21	7,000	18	7,000	21	7,000			304.2	23
Norway	22	6,611	20	6,376	19 / 20	8,000			601.5	11
Oman	23	5,373	21	5,373	23	5,300			367.5	15
India	24	4,600	23	4,495	22	5,680	ENI, end of 2017[7]	4,409	267	17
Egypt	25 / 26	4,400	24 / 25	4,400	29	3,500			180.4	25
Vietnam	25 / 26	4,400	24 / 25	4,400	25	4,000			110.2	40
Indonesia	27 / 28	3,600	29	3,310	27 / 28	3,600	ENI, end of 2015[7]	3,497	304.2	11
Malaysia	27 / 28	3,600	28	3,600	27 / 28	3,600	ENI, end of 2015[7]	5,542	241.3	15
Yemen	29	3,000			30	3,000
United Kingdom	30	2,564	32	2,069	31	2,800	UK Oil & Gas Authority, end 2015[9]	2,618	343.1	7.5
Syria	31 / 32	2,500	30	2,500	32	2,500
Uganda	31 / 32	2,500
Argentina	33	2,185	31	2,162	33	2,400	Argentine Petroleum Institute[10]	2,330
Colombia	34	2,002	34	1,665	34	2,300
Gabon	35	2,000	33	2,000	35	2,000
Australia	36	1,821	26	3,985	26	4,000	Geoscience Australia[11] 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
Kenya	41	750				750
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[7]	595
Denmark	46	491	38	439	42 / 46	600	ENI, end of 2015[7]	550
Peru	47	473			38	1,400	ENI, end of 2015[7]	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[7]	236
Turkey	52	300					ENI, end of 2015[7]	284
Trinidad and Tobago	53	243			41	700	ENI, end of 2015[7]	830
Bolivia	54	211					ENI, end of 2015[7]	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[7]	158
Chile	60 / 62	150
Niger	60 / 62	150
Spain	60 / 62	150
Germany	63	145					ENI, end of 2015[7]	229
Myanmar	64	139
Philippines	65	139
Poland	66	138					ENI, end of 2015[7]	151
Bahrain	67	125
Cuba (see: Oil reserves in Cuba)	68	124					ENI, end of 2015[7]	124
Netherlands	69	113					ENI, end of 2015[7]	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[7]	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[7]	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[7]	1
Morocco	96	0.68
Ethiopia	97	0.43
Afghanistan		0					US Geological Survey[12]	80
World total		1,779,685		1,535,773		1,750,600			29427	59

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

• List of countries by oil production
• List of countries by oil consumption
• List of countries by natural gas proven reserves

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.