Top 10 oil reserve country

5 Apr 2019 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 

Nigeria may have reclaimed its position as Africa's top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million. 6 Jul 2016 America has surpassed Saudi Arabia and Russia in oil reserves, a new The report found that many, especially members of the Organization of Petroleum Exporting Countries, exaggerated the size of fossil fuel advertising, becoming the first major global news organisation to Show 10 more replies. 24 Jun 2019 These are the countries whose proven oil reserves are in the top 10 globally. « This info was last updated on 8 Jan 2019 ». United States –  Crude oil reserve data for all countries except for the U.S. are accurate as of out the controversial nation that came in as #1 and their surprising best customer. OPEC countries may have vastly overstated their reserves, mainly because production quotas are based upon estimated reserves. This means that the larger its  30 Mar 2014 1. Abu Dhabi As the UAE's capital, Abu Dhabi holds 95% of the country's oil and 6% of its gas reserves. It therefore holds 9% of  22 Jul 2015 10 countries sitting on massive oceans of oil Republic doesn't even make it into the top three when it comes to proven crude oil reserves.

This chart shows Oil Reserves Countries in the World.. An oil is any neutral, nonpolar chemical substance that is a viscous liquid at ambient temperatures and is both hydrophobic and lipophilic . Oils have a high carbon and hydrogen content and are usually flammable and slippery. Oil reserves are the amount of technically and economically recoverable oil.

OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing  16 Sep 2017 Top 10 Countries With Largest Oil Reserves 2017 oil reserves, Venezuela is by far the country with the largest reserves in the world today. Venezuela has replaced Saudi Arabia as the country with the largest oil reserves. Here's a look at the world's top 10 countries holding the most oil. 2 May 2019 The country contains approximately 18% of global proven petroleum reserves and is the world's largest exporter of petroleum. Its oil and gas  24 Oct 2018 This country has the biggest crude oil reserve, and it's not Saudi Arabia; check list of top 10 countries. By: FE Online |. Updated: October 24, 2018 

8 Oct 2018 Some oil-producing countries are well known: The three top crude to produce a few barrels every day — the bottom-ranking, Slovenia, ekes 

China isn't among the top 10 in terms of oil reserves. And yet China ranked 4th in the world in terms of total oil production, producing 4.6 million barrels per day in 

22 Jul 2015 10 countries sitting on massive oceans of oil Republic doesn't even make it into the top three when it comes to proven crude oil reserves.

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. Here we take a look at the top ten countries with the largest amounts of oil. Largest oil reserves Venezuela – 300 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves.

3 Mar 2011 The Top Oil Producing Nations a key figure to watch is the amount of crude oil produced daily in each country. Proven reserves: 6.7 billion barrels 10. Nigeria. Crude production: 2.51 million barrels per day Daily crude 

31 May 2012 In 2011, the Top 10 countries by oil proven reserves in billion barrels: – Saudi Arabia 267 which represent one-fifth of the world's total. 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. United States Oil Reserves. United States Oil Reserves. Nigeria Oil Reserves. Libya Oil Reserves. Russia Oil Reserves. United Arab Emirates Oil Reserves. Kuwait Oil Reserves. Iraq Oil Reserves. Iran Oil Reserves. Saudi Arabia Oil Reserves. 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. Here we take a look at the top ten countries with the largest amounts of oil. Largest oil reserves Venezuela – 300 billion barrels. Venezuela has the largest oil reserves of any country in the world, with more than 300 billion barrels of proven reserves. These are the countries whose proven oil reserves are in the top 10 globally. 10. United States - 39,230 million barrels. The oil reserves of the United States (US) soared to new heights in recent years due to increased usage of unconventional drilling methods that enable extraction of more shale oil and gas than was previously possible. As a result of these, especially fracking and horizontal drilling, US reserves surpassed 36,000 million barrels in 2012 for the first time since 1975. Still THE TOP 10 LARGEST OIL RESERVES IN THE WORLD. Of all the natural resources, crude oil reserves are perhaps the most lucrative and profitable of them all. A country with large and prosperous oil reserves holds a definite advantage in world trade over those without such a source of crude oil.

5 Jul 2016 Some countries report proven reserves, using conservative estimates from Consolidation In Libyan Oil – A Major Red Flag For Oil Markets? COUNTRY COMPARISON :: CRUDE OIL - PROVED RESERVES. Crude oil - proved reserves is the stock of proved reserves of crude oil, in barrels (bbl). Proved  Ranking nations by the most likely estimate for existing fields, discoveries and for estimating reserves is applied to all fields in all countries, so reserves can be