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List of countries by proven oil reserves

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From Wikipedia, the free encyclopedia

Map of countries with proven oil reserves - according to US EIA (start of 2017)

Venezuela and Middle Eastern countries are estimated in 2024 to have the largest proven oil reserves.^[1]

A map of world oil reserves according to OPEC, January 2014

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 (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 includeoil shale, minedoil sands ornatural 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 ofAlberta were seen to be economically viable. Similarly,Venezuela's proven reserves jumped in the late 2000s when the heavy oil of theOrinoco Belt was judged economic.

Sources

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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 includeshale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves,^{[citation needed]} 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^[2]	168.1	157.8	145.0	107.8	297.5	68.8	303.8
OPEC^[3]^[4]	5.0	208.6	145.0	80.0	267.2	38.8	303.5
USCIA^[5]	170.3	208.6	145.0	80.0	258.6	38.2	303.8
USEIA^[6]	168.1	208.6	145.0	80.0	261.6	60.5	303.6

Countries

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Reserve amounts are listed in millions ofbarrels.

Proven reserves (millions of barrels)
Country	EIA ^[7]	OPEC ^[8]	BP ^[9]	Others	Oil production Feb 2025 (bbl/day)^[10]	Years of production in reserve
Venezuela *(OPEC)	304,000	303,220	303,800		1,098,000	885
Saudi Arabia *(OPEC)	267,000	267,230	297,600		10,815,700	81
Iran *(OPEC)	209,000	208,600	155,600		4,084,000	134
Iraq *(OPEC)	201,000	145,020	175,000		4,462,000	127
Canada *	170,000	4,731	172,200	171,000	5,500,000	97
United Arab Emirates *(OPEC)	113,000	113,000	97,800		3,200,000	90
Kuwait *(OPEC)	102,000	101,500	101,500		2,559,000	111
Russia *(OPEC+)	80,000	80,000	107,800		10,750,000	22
United States *	74,000	55,251	68,800	48,000	13,401,000	15
Libya *(OPEC)	50,000	48,773	48,800	42,000	1,380,000	102
Nigeria *(OPEC)	37,000	37,500	37,100		1,700,000	64
Kazakhstan *(OPEC+)	30,000	30,000	30,000		1,880,000	39
China *	26,000	27,000	26,000		4,915,000	16
Qatar *	25,000	25,244	25,244		1,746,100	52
Brazil *(OPEC+)	13,000	12,634	13,000	16,848	4,900,000	10
Algeria *(OPEC)	12,000	12,200	12,200		1,415,000	28
Guyana *	11,000			11,000	740,000	48
Ecuador	8,300	8,273	8,000		467,000	48
Norway *	8,100	7,573	8,500		1,990,000	13
Angola *	7,800	2,550	7,800		1,030,000	20
Azerbaijan *(OPEC+)	7,000	7,000	7,000		570,000	33
Mexico *(OPEC+)	6,000	5,558	10,800	9,700	1,762,000	9.6
Oman *(OPEC+)	5,400	5,373	5,300		987,600	15
India *	4,600	4,495	5,680	4,409	670,000	21
Vietnam *	4,400	4,400	4,000		177,700	70
South Sudan(OPEC+)	3,800		3,500		160,000	130
Malaysia *(OPEC+)	3,600	3,600	3,600	5,542	600,000	20
Egypt *	3,300	4,400	3,500		880,000	18
Yemen *	3,000		3,000		70,000	548
Argentina *	3,000	2,838	2,500		830,000	11
Congo * (OPEC)	2,900	1,811	2,900		275,000	33
United Kingdom *	2,500	1,800	2,800	2,618	609,000	10
Syria *	2,500	2,500	2,500		95,000	196
Uganda *	2,500				230,000	35
Indonesia *	2,500	2,250	3,600	3,497	619,000	12
Australia *	2,400	1,803	4,000	4,002	258,000	28
Suriname	2,400	2,400	2,400		12,000	548
Colombia *	2,000	2,040	2,300		760,500	7.2
Gabon *(OPEC)	2,000	2,000	2,000		215,000	25
Chad *	1,500		1,500		140,000	32
Turkey *	1,400			1350	89,000	31
Sudan *(OPEC+)	1,300	5,000	1,500		200,000	89
Brunei *(OPEC+)	1,100	1,100	1,100		100,000	28
Equatorial Guinea *(OPEC)	1,100	1,100	1,100		79,000	34
Peru *	900		1,400	1,489	123,000	54
Ghana *	700				186,000	10
Romania *	600		600		75,000	31
Turkmenistan *	600	600	600		275,000	8.6
Uzbekistan *	600	594	600		67,000	55
Pakistan *	500			236	100,000	20
Italy *	500		600	595	150,000	15
Denmark *	400	439	600	550	70,000	20
Tunisia *	400		400		45,000	42
Ukraine *	400		400		60,000	32
Thailand *	300		400		577,000	5.2
Trinidad and Tobago *	200		700	830	54,000	11
Bolivia *	200			210	66,000	30
Cameroon *	200				65,000	9
Belarus *	200	198			26,000	21
Bahrain *(OPEC+)	200				186,000	3.0
DR Congo *	200				14,000	39
Papua New Guinea *	200			158	29,000	19
Albania *	200				12,000	46
Chile *	200				2,100	261
Niger *	200				88,000	6
Spain *	200
Myanmar *	100				8,000	40
Philippines *	100				900	304
Netherlands *	100			141	76,000	12
Cuba *	100			124	26,000	10.5
Germany *	100			229	135,000	8.6
Poland *	100			151	18,000	15
Ivory Coast *	100				68,000	4.0
Guatemala *	86				5,600	42
Serbia *	77				12,000	18
Croatia *	71				9,200	21
France *	61				82,000	17
Japan *	44				3,400	35
New Zealand *	40				7,200	15
Kyrgyzstan *	40				5,700	19
Austria *	35				9,000	11
Georgia *	35				200	479
Bangladesh *	28				3,000	26
Mauritania *	20
Bulgaria *	15				1,000	41
Czech Republic *	15	15.0			1,300	32
South Africa *	15	15			100,000	82
Israel *	12			12	18,000	1.8
Hungary *	12			35	24,000	1.4
Lithuania *	12				700	47
Tajikistan *	12				300	110
Greece *	10				1,500	18
Slovakia *	9				100	247
Benin *	8
Belize *	6				800	21
Taiwan *	2				200	27
Barbados *	1				1,000	2.7
Jordan *	1			1	100	27
Morocco *	1
World	1,720,000	1,585,187	1,793,424		82,431,000	57

* indicates links to "Oil reserves inCountry orTerritory" or "Energy inCountry orTerritory" pages.

References

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^Barthels, Meghan (7 January 2026)."Why Does Venezuela Have So Much Oil? Geology".Scientific American. Archived fromthe original on 7 January 2026. ● Fleck, Anna (5 January 2026)."Venezuela Sits on a Fifth of the World's Oil". Statista, crediting OPEC and Canadian government.Archived from the original on 2 February 2026.OPEC omits Canada's oil-sands, estimated by the Canadian govt. to hold 171 billion barrels of proven reserves. Source: OPEC
^"Full report – Statistical Review of World Energy 2021"(PDF).BP. Retrieved10 August 2024.
^"2022 OPEC Annual Statistical Bulletin"(PDF).OPEC. Archived fromthe original(PDF) on 25 April 2024. Retrieved10 August 2024.
^"Interactive charts".asb.opec.org. Retrieved10 August 2024.
^"Petroleum - The World Factbook".www.cia.gov. Retrieved10 August 2024.
^"Largest proved reserve holders of crude oil"(XLSX).eia.gov. 1 December 2021. Retrieved10 August 2024.
^"International - U.S. Energy Information Administration (EIA)".www.eia.gov. Retrieved5 October 2023.
^Economou, Andreas; Fattouh, Bassam (7 May 2021)."OPEC at 60: the world with and without OPEC".OPEC Energy Review.45 (1):3–28.Bibcode:2021OEnRv..45....3E.doi:10.1111/opec.12205.ISSN 1753-0229.
^"Statistical Review of World Energy"(PDF).www.bp.com. 8 June 2016. Retrieved23 October 2023.
^"International - U.S. Energy Information Administration (EIA)".Energy Information Administration. Retrieved16 June 2025.

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