List of countries by proven oil reserves

Proven oil 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 (like OPEC, CIA World Factbook and oil companies) give different figures. Some of the differences reflect the 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.

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. (The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at 2024 production levels in 10 years.)

Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021)
Source Canada Iran Iraq Russia Saudi Arabia United States Venezuela
BP[3] 168.1 157.8 145.0 107.8 297.5 68.8 303.8
OPEC[4][5] 5.0 208.6 145.0 80.0 267.2 38.8 303.5
US CIA[6] 170.3 208.6 145.0 80.0 258.6 38.2 303.8
US EIA[7] 168.1 208.6 145.0 80.0 261.6 60.5 303.6

Countries

Reserve amounts are listed in millions of barrels.

Proven reserves (millions of barrels)
Country U.S. EIA
[8] 		OPEC
[9] 		BP
[10] 		Others Oil production
Feb 2025
(thousands of bbl/day)[11] 		Years of
production
in reserve
 Venezuela *(OPEC) 304,000 303,220 303,800 940 886
 Saudi Arabia *(OPEC) 267,000 267,230 297,600 9,058 85
 Iran *(OPEC) 209,000 208,600 155,600 208,600[12] 4,270 125
 Iraq *(OPEC) 145,000 145,020 175,000 145,019[13][14] 4,331 97
 Canada * 170,000 4,731 172,200 171,000 4,788 74
 United Arab Emirates *(OPEC) 113,000 113,000 97,800 3,630 79
 Kuwait *(OPEC) 102,000 101,500 101,500 2,525 111
 Russia *(OPEC+) 58,000 80,000 107,800 80,000[15][16] 9,795 22.8
 United States * 74,000 55,251 68,800 48,000 13,240 12.7
 Libya *(OPEC) 50,000 48,773 48,800 42,000 1,348 95.5
 Nigeria *(OPEC) 37,000 37,500 37,100 1,580 64.2
 Kazakhstan *(OPEC+) 30,000 30,000 30,000 2,132 38.6
 China * 26,000 27,000 26,000 4,340 16.7
 Qatar * 25,000 25,244 25,244 1,310 52.8
 Brazil *(OPEC+) 13,000 12,634 13,000 16,848 3,488 10.9
 Algeria *(OPEC) 12,000 12,200 12,200 1,130 29.3
 Guyana * 11,000 11,000 625 48.2
 Ecuador 8,300 8,273 8,000 469 48.2
 Norway * 7,000 7,573 8,500 6,913[17][18] 1,733 11.9
 Angola * 2,600 2,550 7,800 9,000[19][20][21][22] 1,065 14.1
 Azerbaijan *(OPEC+) 7,000 7,000 7,000 581 33
 Mexico *(OPEC+) 6,000 5,558 10,800 9,700 1,711 12.8
 Oman *(OPEC+) 5,400 5,373 5,300 986 14.9
 India * 4,600 4,495 5,680 4,409 607 22.6
 Vietnam * 4,400 4,400 4,000 160 75.3
 South Sudan(OPEC+) 3,800 3,500 3,500[23][24] 80 125
 Malaysia *(OPEC+) 3,600 3,600 3,600 5,542 494 22.7
 Egypt * 3,300 4,400 3,500 3,300[25][26][27][28][29] 508 19.6
 Yemen * 3,000 3,000 15 548
 Argentina * 3,000 2,838 2,500 746 10.1
 Congo * (OPEC) 1,800 1,811 2,900 180[30] 242 18.9
 United Kingdom * 2,500 1,800 2,800 2,618 660 11
 Syria * 2,500 2,500 2,500 35 196
 Uganda * 2,500 2,500[31] 0 –
 Indonesia * 2,500 2,250 3,600 3,497 576 14.3
 Australia * 2,400 1,803 4,000 4,002 235 35.6
 Suriname 2,400 2,400 2,400 12 548
 Colombia * 1,800 2,040 2,300 2,020[32][33][34][35] 756 7.4
 Gabon *(OPEC) 2,000 2,000 2,000 220 24.9
 Chad * 1,500 1,500 128 32.1
 Turkey * 1,400 1350 124 30.9
 Sudan *(OPEC+) 1,300 5,000 1,500 1,250[36][37] 30 207
 Brunei *(OPEC+) 1,100 1,100 1,100 107 28.2
 Equatorial Guinea *(OPEC) 1,100 1,100 1,100 88 34.3
 Peru * 900 1,400 1,489 46 72
 Ghana * 700 660[38][39][40] 186 10.3
 Romania * 600 600 53 31
 Turkmenistan * 600 600 600 191 8.6
 Uzbekistan * 600 594 600 30 54.8
 Pakistan * 500 236 62 16.3
 Italy * 500 600 595 93 16.2
 Denmark * 400 439 600 550 55 24.9
 Tunisia * 400 400 27 40.6
 Ukraine * 400 400 395[41] 7.217[41] 152
 Thailand * 300 400 158 6.1
 Trinidad and Tobago * 200 700 830 51 31
 Bolivia * 200 210 18 31.2
 Cameroon * 200 200[42][43][44] 60 9.1
 Timor-Leste * 719[45][46] 2 985
 Belarus * 200 198 26 21.1
 Bahrain *(OPEC+) 200 186.5[47]-124.6[48][49][50][51] 182 2.6
 DR Congo * 200 180[52][53][54][55][56] 16 32.5
 Mongolia * 2,438 14 477
 Papua New Guinea * 200 158 32 17.1
 Albania * 200 150[57][58]-120[59][60] 12 35.9
 Chile * 150 150[61][62][63][64] 2.1 196
 Niger * 200 150[65][66][67][68] 88 5.5
 Spain * 200 150[69][70][71] 76.947[69] 6.2
 Myanmar * 100 139[72] 5.6 58.7
 Philippines * 139 138.5[73][74] 0.5 762
 Netherlands * 100 141 22 17.6
 Cuba * 100 124 26 13.1
 Germany * 100 229 32 14.1
 Poland * 100 151 18 19
 Ivory Coast * 100 100[75][76][77][78] 37 7.4
 Guatemala * 86 88.321[79] 5.5 43.3
 Serbia * 77 77.5[80] 12 17.7
 Croatia * 71 71[81][82][83] 9.2 21.1
 France * 83 67.583[84] 10 20.6
 Japan * 44 44.115[85] 3.4 35.6
 New Zealand * 40 41[86][87] 7.2 15.4
 Kyrgyzstan * 40 40[88][89][90] 5.7 19.2
 Austria * 35 27.2[91] 9 9.4
 Georgia * 35 35[92][93][94] 0.2 480
 Bangladesh * 28 2.8[95] 3
 Mauritania * 20 20[96][97][98][99] 0 -
 Senegal * 1,030[100][101] 100 28.2
 Bulgaria * 15 15[102][103][104][105] 1 41.1
 Czech Republic * 15 15.0 15[106][107] 1.3 31.6
 South Africa * 15 15 15[108][109][110] 0.4 103
 Israel * 12 12 15 2.2
 Hungary * 12 35 24 5.4
 Lithuania * 12 12[111][112] 0.7 47
 Tajikistan * 12 12[113][114][115] 0.3 110
 Greece * 10 10[116][117][118] 1.5 18.3
 Slovakia * 9 9[119] 7.249[119] 3.4
 Benin * 8 8[120][121] 0 –
 Belize * 6 6.7[122][123][124] 0.8 23
 Taiwan * 2.4 2.38[125] 0.2 32.9
 Barbados * 1 1.542[126] 1 4.2
 Jordan * 1 1 0.33[127] 8.3
 Morocco * 1 0.684[128][129] 0.025[128] 92.3
 Estonia * 16[130][131] 23.544[132] 1.9
 Kenya * 600 585[133]-560[134] -
 Sierra Leone * 20,000-15,000[135][136][137] -
 Mozambique * 0 100[138]-15[139] -
 World 1,720,000 1,585,187 1,793,424 82,645 19–22

* indicates links to "Oil reserves in Country or Territory" or "Energy in Country or Territory" pages.

See also

References

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